Barclays Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its price target dropped by analysts at Barclays from $102.00 to $85.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s target price would indicate a potential upside of 22.41% from the company’s current price.

FIS has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Mizuho increased their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. UBS Group decreased their price target on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.36.

Fidelity National Information Services Stock Performance

FIS stock opened at $69.44 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market cap of $36.78 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.22 and a beta of 1.04. Fidelity National Information Services has a 12-month low of $62.17 and a 12-month high of $91.98. The stock’s 50 day simple moving average is $79.28 and its 200 day simple moving average is $82.65.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services will post 5.73 EPS for the current year.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FIS. Creative Planning increased its position in Fidelity National Information Services by 6.9% in the 3rd quarter. Creative Planning now owns 69,023 shares of the information technology services provider’s stock worth $5,781,000 after buying an additional 4,452 shares during the period. Resonant Capital Advisors LLC bought a new position in Fidelity National Information Services in the 3rd quarter worth approximately $216,000. Cyndeo Wealth Partners LLC bought a new position in Fidelity National Information Services in the 3rd quarter worth approximately $276,000. Allspring Global Investments Holdings LLC increased its position in Fidelity National Information Services by 6.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider’s stock worth $2,362,000 after buying an additional 1,620 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in Fidelity National Information Services by 14.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,890 shares of the information technology services provider’s stock worth $326,000 after buying an additional 502 shares during the period. 96.23% of the stock is 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.