Fidelity National Information Servcs (NYSE:FIS) PT Raised to $161.00 at Oppenheimer

Fidelity National Information Servcs (NYSE:FIS) had its target price upped by Oppenheimer from $145.00 to $161.00 in a research note released on Monday, The Fly reports. Oppenheimer currently has an outperform rating on the information technology services provider’s stock. Oppenheimer also issued estimates for Fidelity National Information Servcs’ Q2 2020 earnings at $1.07 EPS, Q3 2020 earnings at $1.41 EPS, Q4 2020 earnings at $1.71 EPS, FY2020 earnings at $5.51 EPS, Q1 2021 earnings at $1.53 EPS, Q2 2021 earnings at $1.55 EPS, Q3 2021 earnings at $1.70 EPS, Q4 2021 earnings at $1.97 EPS and FY2021 earnings at $6.77 EPS.

Several other research analysts also recently weighed in on FIS. Royal Bank of Canada lifted their target price on Fidelity National Information Servcs from $140.00 to $150.00 and gave the company an outperform rating in a research note on Friday, May 8th. Deutsche Bank decreased their price target on Fidelity National Information Servcs from $160.00 to $148.00 and set a hold rating on the stock in a research note on Friday, May 8th. Wells Fargo & Co decreased their price target on Fidelity National Information Servcs from $175.00 to $140.00 and set an overweight rating on the stock in a research note on Wednesday, April 8th. Rosenblatt Securities began coverage on Fidelity National Information Servcs in a research note on Friday, March 27th. They issued a buy rating and a $140.00 price target on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Servcs from $142.00 to $153.00 and gave the company an outperform rating in a research note on Friday, May 8th. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $153.54.

Shares of FIS stock opened at $136.78 on Monday. The business’s 50 day moving average is $136.53 and its two-hundred day moving average is $135.68. Fidelity National Information Servcs has a twelve month low of $91.68 and a twelve month high of $158.21. The company has a market capitalization of $85.87 billion, a P/E ratio of 263.04, a price-to-earnings-growth ratio of 1.82 and a beta of 0.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Thursday, May 7th. The information technology services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. Fidelity National Information Servcs had a return on equity of 7.89% and a net margin of 1.45%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the business posted $1.16 EPS. The company’s revenue was up 49.6% on a year-over-year basis. As a group, equities analysts predict that Fidelity National Information Servcs will post 5.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $0.35 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.02%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 24.96%.

In other news, COO Stephanie Ferris sold 6,582 shares of Fidelity National Information Servcs stock in a transaction on Monday, June 1st. The stock was sold at an average price of $138.91, for a total value of $914,305.62. Following the completion of the sale, the chief operating officer now owns 6,991 shares of the company’s stock, valued at $971,119.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bruce F. Lowthers, Jr. sold 89,478 shares of Fidelity National Information Servcs stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $138.56, for a total value of $12,398,071.68. Following the completion of the sale, the insider now directly owns 36,213 shares of the company’s stock, valued at approximately $5,017,673.28. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Ellenbecker Investment Group grew its position in shares of Fidelity National Information Servcs by 23.8% in the second quarter. Ellenbecker Investment Group now owns 4,521 shares of the information technology services provider’s stock valued at $606,000 after purchasing an additional 868 shares during the period. Cox Capital Mgt LLC grew its position in shares of Fidelity National Information Servcs by 3.2% in the second quarter. Cox Capital Mgt LLC now owns 6,822 shares of the information technology services provider’s stock valued at $915,000 after purchasing an additional 212 shares during the period. Royal Bank of Canada grew its position in shares of Fidelity National Information Servcs by 26.2% in the first quarter. Royal Bank of Canada now owns 917,449 shares of the information technology services provider’s stock valued at $111,598,000 after purchasing an additional 190,617 shares during the period. Braun Stacey Associates Inc. grew its position in Fidelity National Information Servcs by 0.7% during the first quarter. Braun Stacey Associates Inc. now owns 103,479 shares of the information technology services provider’s stock valued at $12,588,000 after acquiring an additional 686 shares during the period. Finally, Confluence Investment Management LLC grew its position in Fidelity National Information Servcs by 1.9% during the first quarter. Confluence Investment Management LLC now owns 197,402 shares of the information technology services provider’s stock valued at $24,012,000 after acquiring an additional 3,724 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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