Fidelity National Information Servcs (NYSE:FIS) had its price objective increased by research analysts at Bank of America from $139.00 to $143.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Bank of America‘s price target indicates a potential upside of 20.86% from the company’s current price.
A number of other research analysts have also issued reports on the company. SunTrust Banks lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 target price on the stock. in a report on Tuesday, March 19th. Zacks Investment Research lowered Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Guggenheim boosted their target price on Fidelity National Information Servcs to $135.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Raymond James started coverage on Fidelity National Information Servcs in a report on Friday, April 12th. They issued a “strong-buy” rating and a $131.00 target price on the stock. Finally, ValuEngine lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $129.20.
FIS opened at $118.32 on Tuesday. The company has a market cap of $38.42 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.33 and a beta of 0.73. Fidelity National Information Servcs has a 52 week low of $94.53 and a 52 week high of $119.78. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.86.
In other Fidelity National Information Servcs news, Director Alexandar Navab, Jr. purchased 5,075 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the completion of the purchase, the director now directly owns 5,075 shares in the company, valued at $544,141.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.43% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Essex Savings Bank purchased a new stake in shares of Fidelity National Information Servcs in the fourth quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Fidelity National Information Servcs by 376.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 196 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Fidelity National Information Servcs in the first quarter valued at $29,000. Doyle Wealth Management purchased a new stake in shares of Fidelity National Information Servcs in the fourth quarter valued at $27,000. Finally, Sontag Advisory LLC purchased a new stake in shares of Fidelity National Information Servcs in the fourth quarter valued at $27,000. Institutional investors own 90.04% of the company’s stock.
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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