Fidelity National Information Services (NYSE:FIS) PT Raised to $93.00 (2024)

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective lifted by stock analysts at Royal Bank of Canada from $82.00 to $93.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "outperform" rating on the information technology services provider's stock. Royal Bank of Canada's target price suggests a potential upside of 21.41% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Stephens reiterated an "overweight" rating and set a $90.00 target price on shares of Fidelity National Information Services in a report on Tuesday, May 7th. TD Cowen raised their price objective on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, May 8th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, May 7th. Morgan Stanley raised their price objective on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Finally, Evercore ISI raised their price objective on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an "in-line" rating in a report on Tuesday, May 7th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.32.

Get Our Latest Research Report on Fidelity National Information Services

Fidelity National Information Services Trading Down 0.6 %

Shares of Fidelity National Information Services stock traded down $0.47 during mid-day trading on Friday, hitting $76.60. The stock had a trading volume of 4,025,445 shares, compared to its average volume of 4,388,541. The firm has a 50-day moving average of $73.96 and a two-hundred day moving average of $67.49. Fidelity National Information Services has a 12-month low of $46.91 and a 12-month high of $78.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The firm has a market cap of $42.61 billion, a P/E ratio of -7.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the prior year, the company posted $1.29 EPS. The business's revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Fidelity National Information Services will post 4.96 earnings per share for the current year.

Fidelity National Information Services declared that its Board of Directors has initiated a stock buyback program on Monday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now owns 9,052 shares of the company's stock, valued at approximately $655,093.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Fidelity National Information Services

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Fidelity National Information Services by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider's stock worth $166,408,000 after acquiring an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth $1,244,000. Quest Partners LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth $653,000. Korea Investment CORP lifted its stake in shares of Fidelity National Information Services by 5.5% in the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider's stock worth $11,890,000 after acquiring an additional 11,181 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth $752,000. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Company Profile

(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.

Featured Stories

• Five stocks we like better than Fidelity National Information Services
• Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
• Top 5 High-Performance Cryptocurrency ETFs to Watch
• 3 Warren Buffett Stocks to Buy Now
• 3 Stocks That Plummeted After the Post-Fed Speech Crash
• The Significance of Brokerage Rankings in Stock Selection
• Adobe Stock: It’s Not Too Late To Buy The Dip

Should you invest $1,000 in Fidelity National Information Services right now?

Before you consider Fidelity National Information Services, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidelity National Information Services wasn't on the list.

While Fidelity National Information Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here