Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $95.00 at Royal Bank of Canada

Fidelity National Information Services (NYSE:FIS) had its price objective dropped by stock analysts at Royal Bank of Canada from $104.00 to $95.00 in a research report issued on Wednesday,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 30.49% from the company’s previous close.

FIS has been the subject of several other reports. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Robert W. Baird boosted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $88.55.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded down $0.36 on Wednesday, reaching $72.81. 3,993,279 shares of the company’s stock were exchanged, compared to its average volume of 2,963,508. The company has a fifty day moving average of $81.08 and a 200-day moving average of $82.94. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a twelve month low of $60.39 and a twelve month high of $91.98. The company has a market capitalization of $39.19 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last posted 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 15.35% and a net margin of 14.37%. During the same period last year, the company earned $0.94 EPS. On average, research analysts predict that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently made changes to their positions in FIS. Norges Bank bought a new position in shares of Fidelity National Information Services in the 4th quarter worth $635,202,000. Raymond James Financial Inc. bought a new position in Fidelity National Information Services in the fourth quarter valued at $451,458,000. Raymond James & Associates raised its position in Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after purchasing an additional 3,357,329 shares in the last quarter. KBC Group NV lifted its stake in Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after purchasing an additional 1,101,072 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after purchasing an additional 562,154 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.