Fidelity National Information Services (NYSE:FIS) PT lowered to $130.00 at Robert W. Baird


Fidelity National Information Services (NYSE:FIS – Get an Assessment) had its price target lowered by Robert W. Baird from $138.00 to $130.00 in a research report released on Monday, reports The Fly. Robert W. Baird currently has an outperform rating for shares of the information technology service provider.

Other analysts have also recently released reports on the company. Evercore ISI upgraded Fidelity National Information Services from an online rating to an outperform rating and raised its price target for the company from $115.00 to $135.00 in a Monday, June 13 research report. Wells Fargo & Company cut Fidelity National Information Services from an overweight rating to an equal weight rating and reduced its price target for the company from $132.00 to $101.00 in a Thursday 14 research report July. Citigroup cut its price target on Fidelity National Information Services from $138.00 to $130.00 in a Monday, April 25 research report. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $145.00 to $125.00 in a Monday, July 11 research report. Finally, StockNews.com began covering Fidelity’s national news services in a research report on Thursday, March 31. They issued a holding note for the company. Five analysts gave the stock a hold rating, nineteen gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average moderate buy rating and an average target price of $130.68.

Fidelity National News Services shares down 1.1%

NYSE:FIS opened at $94.16 on Monday. The stock has a 50-day simple moving average of $97.12 and a 200-day simple moving average of $101.27. Fidelity National Information Services has a 52 week minimum of $85.00 and a 52 week maximum of $152.20. The company has a debt ratio of 0.30, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $57.24 billion, a PE ratio of 63.62, a PEG ratio of 0.96 and a beta of 0.73.

Fidelity National Information Services (NYSE:FIS – Get Rating) last released its quarterly results on Tuesday, May 3. The information technology service provider reported EPS of $1.47 for the quarter, beating the consensus estimate of $1.46 by $0.01. Fidelity National Information Services achieved a return on equity of 8.76% and a net margin of 6.43%. The company posted revenue of $3.49 billion in the quarter, versus $3.44 billion expected by analysts. In the same period a year earlier, the company posted earnings per share of $1.30. The company’s quarterly revenue increased by 8.3% compared to the same quarter last year. On average, sell-side analysts expect Fidelity National Information Services to post 7.3 EPS for the current fiscal year.

Fidelity National Information Services announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 24. Shareholders of record on Friday, June 10 received a dividend of $0.47. The ex-dividend date was Thursday, June 9. This represents an annualized dividend of $1.88 and a dividend yield of 2.00%. Fidelity National Information Services’ payout ratio is 127.03%.

Hedge funds weigh on Fidelity National Information Services

Several hedge funds and other institutional investors have recently changed their SIF holdings. Norges Bank acquired a new stake in shares of Fidelity National Information Services during Q4 valued at $562,481,000. Steadfast Capital Management LP increased its holdings of Fidelity National Information Services shares by 11,686.3% in the first quarter. Steadfast Capital Management LP now owns 4,055,900 shares of the information technology services provider valued at $407,293,000 after acquiring 4,021,488 additional shares last quarter. Capital International Investors increased its stake in Fidelity National Information Services shares by 12.3% in the 4th quarter. Capital International Investors now owns 34,213,281 shares of the information technology services provider valued at $3,734,671,000 after acquiring 3,742,833 additional shares last quarter. Boston Partners increased its equity stake in Fidelity National Information Services by 80.1% during the fourth quarter. Boston Partners now owns 7,031,348 shares of the information technology services provider valued at $768,182,000 after acquiring an additional 3,127,602 shares last quarter. Finally, Wellington Management Group LLP increased its stake in Fidelity National Information Services shares by 14.3% in the 1st quarter. Wellington Management Group LLP now owns 24,642,600 shares of the information technology services provider valued at $2,474,610,000 after acquiring an additional 3,075,338 shares last quarter. Institutional investors hold 89.51% of the company’s shares.

Fidelity National Information Services Company Profile

(Get a rating)

Fidelity National Information Services, Inc. provides technology solutions to merchants, banks and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions and Capital Market Solutions segments. The Merchant Solutions segment offers business acquisition, software-driven small and medium business acquisition and global e-commerce solutions.

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