Fidelity National Information Services (NYSE:FIS) Price Target Cut to $80.00 by Analysts at Wells Fargo & Company

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective lowered by equities researchers at Wells Fargo & Company from $88.00 to $80.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has an "equal weight" rating on the information technology services provider's stock. Wells Fargo & Company's price objective would indicate a potential upside of 16.21% from the company's current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Jefferies Financial Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Mizuho upped their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Morgan Stanley decreased their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $87.95.

Fidelity National Information Services Trading Down 2.4 %

NYSE:FIS traded down $1.69 during mid-day trading on Wednesday, hitting $68.84. 6,281,734 shares of the company's stock were exchanged, compared to its average volume of 2,091,095. The firm has a market capitalization of $37.06 billion, a P/E ratio of 27.43, a PEG ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a fifty-two week low of $62.17 and a fifty-two week high of $91.98. 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 company has a 50 day simple moving average of $80.20 and a 200-day simple moving average of $82.78.

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

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares of the company's stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its holdings in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new position in Fidelity National Information Services in the third quarter worth about $28,000. R Squared Ltd purchased a new position in Fidelity National Information Services in the fourth quarter worth about $30,000. Groupama Asset Managment boosted its position in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 319 shares during the last quarter. Finally, Concord Wealth Partners boosted its position in Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock worth $37,000 after purchasing an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

About Fidelity National Information Services

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.