Fidelity National Information Services (NYSE:FIS) Rating Lowered to “Neutral” at Susquehanna

Fidelity National Information Services (NYSE:FIS) was downgraded by stock analysts at Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $81.00 price objective on the information technology services provider’s stock, down from their previous price objective of $103.00. Susquehanna’s target price indicates a potential upside of 10.76% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company began coverage on Fidelity National Information Services in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price on the stock. UBS Group boosted their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Mizuho boosted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $91.00.

Fidelity National Information Services Stock Down 11.5 %

FIS opened at $73.13 on Wednesday. The business has a 50 day moving average price of $81.32 and a two-hundred day moving average price of $82.96. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market cap of $39.37 billion, a PE ratio of 29.13, a P/E/G ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a 52 week low of $60.39 and a 52 week high of $91.98.

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, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.94 earnings per share. As a group, research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current year.

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the 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 owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FIS. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth $451,458,000. Raymond James & Associates raised its position in shares of Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares during the period. KBC Group NV raised its position in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares during the period. Nordea Investment Management AB raised its position in shares of Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after buying an additional 562,154 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after buying an additional 538,514 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

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.