Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Truist Financial Analyst Says

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target boosted by research analysts at Truist Financial from $84.00 to $85.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the information technology services provider's stock. Truist Financial's target price suggests a potential upside of 5.84% from the stock's current price.

A number of other analysts have also recently weighed in on the company. UBS Group upped their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Monday, April 21st. Royal Bank Of Canada decreased their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Stephens raised their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.00.

Fidelity National Information Services Stock Down 0.5%

Fidelity National Information Services stock traded down $0.43 during mid-day trading on Thursday, hitting $80.31. 2,382,447 shares of the company's stock were exchanged, compared to its average volume of 3,352,967. Fidelity National Information Services has a 1-year low of $66.51 and a 1-year high of $91.98. The stock has a 50 day moving average of $80.10 and a two-hundred day moving average of $76.85. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market cap of $42.19 billion, a P/E ratio of 53.19 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the business earned $1.33 earnings per share. Fidelity National Information Services's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently modified their holdings of the company. Sierra Ocean LLC increased its holdings in shares of Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 267 shares in the last quarter. YANKCOM Partnership lifted its position in Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank boosted its position in shares of Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after buying an additional 186 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Information Services

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.