Fidelity National Information Services (NYSE:FIS) Now Covered by Analysts at Compass Point

Analysts at Compass Point started coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $126.00 price target on the information technology services provider’s stock. Compass Point’s price objective points to a potential upside of 46.38% from the company’s previous close.

FIS has been the topic of several other research reports. Morgan Stanley lifted their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. TD Cowen upped their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Bank of America raised their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group upped their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $86.08 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services has a 1-year low of $53.79 and a 1-year high of $91.98. The company has a market cap of $46.34 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The stock’s 50 day simple moving average is $86.85 and its 200-day simple moving average is $80.43.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, equities research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Several large investors have recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new position in Fidelity National Information Services during the 3rd quarter valued at about $59,000. Coldstream Capital Management Inc. grew its position in shares of Fidelity National Information Services by 4.9% in the third quarter. Coldstream Capital Management Inc. now owns 10,693 shares of the information technology services provider’s stock valued at $898,000 after purchasing an additional 499 shares during the last quarter. RB Capital Management LLC purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth approximately $368,000. Continuum Advisory LLC raised its position in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider’s stock worth $281,000 after purchasing an additional 141 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Fidelity National Information Services by 2.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 258,147 shares of the information technology services provider’s stock valued at $21,620,000 after buying an additional 6,251 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

About Fidelity National Information Services

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.