Fidelity National Information Services, Inc. (NYSE:FIS) had its target price hoisted by stock analysts at Oppenheimer Holdings, Inc. from $96.00 to $100.00 in a research note issued on Wednesday. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 7.11% from the stock’s previous close. Oppenheimer Holdings also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.34 EPS, FY2017 earnings at $4.40 EPS, Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $1.49 EPS.

A number of other brokerages also recently commented on FIS. Cowen and Company reiterated a “buy” rating and set a $97.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Robert W. Baird reiterated an “outperform” rating and set a $108.00 price objective (up previously from $102.00) on shares of Fidelity National Information Services in a research report on Tuesday, October 10th. BMO Capital Markets increased their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC reissued an “overweight” rating and set a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 9th. Four equities research 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 stock. Fidelity National Information Services presently has an average rating of “Buy” and a consensus price target of $97.19.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year.

Fidelity National Information Services declared that its board has authorized a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This story was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.watchlistnews.com/fidelity-national-information-services-inc-fis-pt-raised-to-100-00/1675956.html.

In other news, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the transaction, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the completion of the transaction, the director now directly owns 202,517 shares in the company, valued at $18,295,385.78. The disclosure for this sale can be found here. Insiders sold 518,368 shares of company stock worth $47,027,692 over the last ninety days. 2.66% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BB&T Investment Services Inc. acquired a new position in Fidelity National Information Services during the second quarter worth $103,000. WFG Advisors LP increased its position in Fidelity National Information Services by 99.8% during the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after buying an additional 593 shares during the last quarter. Motco increased its position in Fidelity National Information Services by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the last quarter. IFP Advisors Inc increased its position in Fidelity National Information Services by 6.8% during the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares during the last quarter. Finally, Rockefeller Financial Services Inc. acquired a new position in Fidelity National Information Services during the third quarter worth $128,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Analyst Recommendations for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.