Fidelity National Information Services’ (FIS) “Outperform” Rating Reaffirmed at Wedbush

Fidelity National Information Services (NYSE:FIS)‘s stock had its “outperform” rating reiterated by equities researchers at Wedbush in a research note issued on Wednesday, Benzinga reports. They currently have a $75.00 price target on the information technology services provider’s stock. Wedbush’s price objective would indicate a potential upside of 2.81% from the stock’s previous close.

FIS has been the subject of a number of other research reports. BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a report on Thursday, April 11th. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Royal Bank of Canada upped their price target on Fidelity National Information Services from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, Susquehanna lifted their target price on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $75.79.

Fidelity National Information Services Stock Down 1.8 %

Fidelity National Information Services stock traded down $1.36 during trading on Wednesday, hitting $72.95. 1,572,141 shares of the company were exchanged, compared to its average volume of 4,436,926. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $40.96 billion, a P/E ratio of -6.48, a PEG ratio of 0.88 and a beta of 0.98. The business’s 50 day moving average is $70.79 and its 200 day moving average is $62.91. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $75.71.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. Analysts predict that Fidelity National Information Services will post 4.71 earnings per share for the current year.

Fidelity National Information Services declared that its board has authorized a share buyback plan on Monday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently bought and sold shares of the business. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services during the third quarter valued at $25,000. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $29,000. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services in the 1st quarter worth approximately $29,000. Delta Asset Management LLC TN boosted its holdings in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after buying an additional 450 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $35,000. 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.