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

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

FIS has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Compass Point initiated coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price for the company. Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Fidelity National Information Services Trading Down 11.5 %

NYSE:FIS opened at $73.13 on Wednesday. The business’s 50-day moving average is $81.32 and its two-hundred day moving average is $82.96. 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 12 month low of $60.39 and a 12 month high of $91.98. The firm has a market capitalization of $39.37 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 earned $0.94 earnings per share. Research analysts predict that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred 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 sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds have recently made changes to their positions in the business. Bradley Foster & Sargent Inc. CT raised its holdings in Fidelity National Information Services by 4.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after buying an additional 129 shares in the last quarter. Graypoint LLC increased its holdings in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 132 shares in the last quarter. Old Port Advisors increased its holdings in shares of Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 135 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Fidelity National Information Services by 3.9% in the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after buying an additional 137 shares in the last quarter. 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.