Robert W. Baird Raises Fidelity National Information Services (NYSE:FIS) Price Target to $82.00

Fidelity National Information Services (NYSE:FIS) had its price objective upped by stock analysts at Robert W. Baird from $80.00 to $82.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the information technology services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 10.13% from the stock’s current price.

FIS has been the topic of several other reports. Royal Bank of Canada cut their price target on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Compass Point dropped their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley lowered their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, UBS Group cut their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $88.05.

Fidelity National Information Services Trading Down 1.7 %

Fidelity National Information Services stock opened at $74.46 on Friday. The stock has a 50-day moving average price of $74.02 and a 200 day moving average price of $80.88. The company has a market capitalization of $39.44 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the previous year, the business posted $0.94 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current year.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Groupama Asset Managment grew its holdings in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter worth $37,000. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth $40,000. Finally, Grove Bank & Trust boosted its position in shares of Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 399 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other 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.