Oppenheimer Increases Fidelity National Information Servcs (NYSE:FIS) Price Target to $135.00
Fidelity National Information Servcs (NYSE:FIS) had its price target hoisted by Oppenheimer from $125.00 to $135.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the information technology services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 11.57% from the company’s current price.
FIS has been the topic of several other research reports. Moffett Nathanson began coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, May 21st. They set a “buy” rating and a $147.00 price target on the stock. Keefe, Bruyette & Woods started coverage on shares of Fidelity National Information Servcs in a research note on Monday, April 8th. They issued an “outperform” rating and a $136.00 target price on the stock. Wells Fargo & Co raised their target price on shares of Fidelity National Information Servcs from $117.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Cantor Fitzgerald reiterated a “buy” rating and issued a $122.00 target price on shares of Fidelity National Information Servcs in a research note on Tuesday, April 2nd. Finally, Susquehanna Bancshares started coverage on shares of Fidelity National Information Servcs in a research note on Friday, May 31st. They issued a “positive” rating and a $140.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $132.50.
Shares of FIS traded down $0.69 during mid-day trading on Wednesday, hitting $121.00. 1,405,306 shares of the company’s stock were exchanged, compared to its average volume of 2,981,417. Fidelity National Information Servcs has a twelve month low of $94.53 and a twelve month high of $123.28. The firm has a market cap of $39.66 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.
In other news, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.55, for a total transaction of $151,962.00. Following the completion of the transaction, the director now directly owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexandar Navab, Jr. purchased 5,075 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost of $107.22 per share, with a total value of $544,141.50. Following the completion of the acquisition, the director now directly owns 5,075 shares in the company, valued at $544,141.50. The disclosure for this purchase can be found here. Company insiders own 1.43% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. grew its holdings in Fidelity National Information Servcs by 376.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 196 shares during the period. Doyle Wealth Management acquired a new position in Fidelity National Information Servcs in the 4th quarter worth $27,000. Sontag Advisory LLC acquired a new stake in shares of Fidelity National Information Servcs in the 4th quarter valued at about $27,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Fidelity National Information Servcs in the 1st quarter valued at about $29,000. Finally, Global Retirement Partners LLC raised its stake in shares of Fidelity National Information Servcs by 46.6% in the 1st quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.
About Fidelity National Information Servcs
Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.
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