Fidelity National Information Services (NYSE:FIS) Rating Lowered to Underperform at BNP Paribas

Fidelity National Information Services (NYSE:FIS) was downgraded by research analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a report issued on Wednesday,Briefing.com Automated Import reports.

FIS has been the topic of several other research reports. TD Cowen increased their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Barclays increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Jefferies Financial Group raised their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada upped their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Trading Down 2.6 %

NYSE FIS opened at $86.08 on Wednesday. The company has a market cap of $46.34 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 0.74 and a beta of 1.06. The business has a 50 day moving average price of $86.85 and a 200-day moving average price of $80.43. Fidelity National Information Services has a 52 week low of $53.79 and a 52 week high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. As a group, equities analysts expect that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hobbs Group Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the third quarter valued at approximately $59,000. Coldstream Capital Management Inc. grew its holdings in Fidelity National Information Services by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,693 shares of the information technology services provider’s stock worth $898,000 after acquiring an additional 499 shares during the last quarter. RB Capital Management LLC purchased a new position in shares of Fidelity National Information Services in the third quarter valued at about $368,000. Continuum Advisory LLC grew its stake in shares of Fidelity National Information Services by 4.6% in the third quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider’s stock worth $281,000 after purchasing an additional 141 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Fidelity National Information Services by 2.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 258,147 shares of the information technology services provider’s stock valued at $21,620,000 after purchasing an additional 6,251 shares during the period. 96.23% of the stock is currently 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.