Fidelity National Information Servcs (NYSE:FIS) had its target price hoisted by Robert W. Baird from $134.00 to $145.00 in a research report sent to investors on Friday, The Fly reports. The brokerage currently has an outperform rating on the information technology services provider’s stock.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Raymond James reaffirmed a hold rating on shares of Wells Fargo & Co in a report on Friday, April 12th. Barclays reaffirmed an underweight rating and set a GBX 195 ($2.55) price objective on shares of in a report on Friday, July 5th. Oppenheimer set a $12.00 price objective on Teva Pharmaceutical Industries and gave the stock a buy rating in a report on Wednesday, June 12th. Finally, Wedbush set a $30.00 price objective on Aquestive Therapeutics and gave the stock a buy rating in a report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $147.76.

Shares of FIS stock opened at $130.36 on Friday. The business’s 50-day moving average price is $123.12. The stock has a market capitalization of $41.94 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.54 and a beta of 0.63. Fidelity National Information Servcs has a 1 year low of $94.53 and a 1 year high of $130.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.03 and a current ratio of 1.03.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.07. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.02 billion. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. On average, research analysts forecast that Fidelity National Information Servcs will post 7.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

In related news, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $122.55, for a total transaction of $151,962.00. Following the transaction, the director now owns 8,370 shares of the company’s stock, valued at $1,025,743.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.43% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Fidelity National Information Servcs by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock worth $462,775,000 after purchasing an additional 347,672 shares in the last quarter. Mackay Shields LLC grew its position in shares of Fidelity National Information Servcs by 9.5% during the fourth quarter. Mackay Shields LLC now owns 104,579 shares of the information technology services provider’s stock worth $10,725,000 after purchasing an additional 9,059 shares in the last quarter. Park Presidio Capital LLC purchased a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth about $39,995,000. Brinker Capital Inc. grew its position in shares of Fidelity National Information Servcs by 8.4% during the fourth quarter. Brinker Capital Inc. now owns 41,186 shares of the information technology services provider’s stock worth $4,224,000 after purchasing an additional 3,195 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Fidelity National Information Servcs by 10.3% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,886 shares of the information technology services provider’s stock worth $706,000 after purchasing an additional 642 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Servcs Company Profile

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.

Further Reading: Equal Weight Rating

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

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