Barclays Boosts Fidelity National Information Services (NYSE:FIS) Price Target to $98.00

Fidelity National Information Services (NYSE:FISFree Report) had its price target boosted by Barclays from $90.00 to $98.00 in a report issued on Thursday, Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

Several other analysts have also recently issued reports on FIS. TD Cowen upped their target price on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a hold rating in a research report on Wednesday, August 7th. Bank of America increased their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a buy rating in a research note on Tuesday, September 17th. Morgan Stanley cut shares of Fidelity National Information Services from an overweight rating to an equal weight rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. UBS Group upped their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a neutral rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an overweight rating in a research report on Tuesday, August 20th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $81.65.

Read Our Latest Research Report on FIS

Fidelity National Information Services Stock Performance

FIS stock opened at $86.75 on Thursday. The stock has a 50-day moving average price of $81.79 and a 200-day moving average price of $77.07. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $87.90. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $48.25 billion, a PE ratio of -8.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Information Services will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.66%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently made changes to their positions in FIS. Bayesian Capital Management LP bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at $3,470,000. Park West Asset Management LLC increased its position in shares of Fidelity National Information Services by 52.1% during the fourth quarter. Park West Asset Management LLC now owns 955,000 shares of the information technology services provider’s stock worth $57,367,000 after acquiring an additional 327,000 shares in the last quarter. Oracle Alpha Inc. bought a new stake in Fidelity National Information Services during the fourth quarter worth $516,000. FIL Ltd boosted its holdings in shares of Fidelity National Information Services by 27.3% during the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after acquiring an additional 2,758,049 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new position in Fidelity National Information Services during the fourth quarter valued at approximately $93,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Information Services

(Get Free Report)

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.

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