UBS Group Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective reduced by stock analysts at UBS Group from $94.00 to $81.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the information technology services provider's stock. UBS Group's price target suggests a potential upside of 17.66% from the company's previous close.

FIS has been the topic of a number of other reports. Robert W. Baird lifted their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Mizuho boosted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. BNP Paribas cut shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research report on Wednesday, November 20th. Finally, Compass Point decreased their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $87.95.

Fidelity National Information Services Stock Down 2.4 %

Shares of FIS traded down $1.69 during midday trading on Wednesday, hitting $68.84. 6,281,734 shares of the company's stock traded hands, compared to its average volume of 2,091,095. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $37.06 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The firm's fifty day moving average is $80.20 and its 200-day moving average is $82.78. Fidelity National Information Services has a 1 year low of $62.17 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter last year, the company posted $0.94 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds have recently added to or reduced their stakes in the stock. CX Institutional grew its position in Fidelity National Information Services by 4.0% in the third quarter. CX Institutional now owns 4,422 shares of the information technology services provider's stock worth $370,000 after buying an additional 170 shares during the last quarter. Creative Planning lifted its position in Fidelity National Information Services by 6.9% in the third quarter. Creative Planning now owns 69,023 shares of the information technology services provider's stock worth $5,781,000 after purchasing an additional 4,452 shares during the period. Swedbank AB grew its position in Fidelity National Information Services by 1.3% in the third quarter. Swedbank AB now owns 360,769 shares of the information technology services provider's stock valued at $30,214,000 after acquiring an additional 4,642 shares during the period. SPC Financial Inc. bought a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $327,000. Finally, ZWJ Investment Counsel Inc. raised its holdings in shares of Fidelity National Information Services by 0.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 145,799 shares of the information technology services provider's stock valued at $12,211,000 after buying an additional 1,309 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.