Citigroup Upgrades Fidelity National Information Services (NYSE:FIS) to Buy

Fidelity National Information Services (NYSE:FIS - Get Free Report) was upgraded by investment analysts at Citigroup from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has a $86.00 price objective on the information technology services provider's stock, up from their prior price objective of $79.00. Citigroup's price objective suggests a potential upside of 8.33% from the company's previous close.

Other analysts have also issued research reports about the company. Morgan Stanley dropped their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Stephens decreased their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Barclays cut their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, UBS Group dropped their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus price target of $89.29.

Fidelity National Information Services Trading Down 0.6 %

FIS traded down $0.48 during trading on Monday, hitting $79.39. 4,097,959 shares of the stock traded hands, compared to its average volume of 3,539,487. The firm has a market capitalization of $42.05 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50-day moving average of $72.27 and a 200 day moving average of $79.54.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.94 earnings per share. Equities research analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc purchased a new position in Fidelity National Information Services during the third quarter valued at $37,000. Anchor Investment Management LLC lifted its position in shares of Fidelity National Information Services by 1,240.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider's stock valued at $147,000 after buying an additional 1,625 shares in the last quarter. World Investment Advisors LLC grew its stake in shares of Fidelity National Information Services by 2,063.1% during the 3rd quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider's stock valued at $5,944,000 after acquiring an additional 67,690 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Fidelity National Information Services in the 3rd quarter worth approximately $976,000. Finally, Synovus Financial Corp raised its stake in Fidelity National Information Services by 68.1% during the 3rd quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider's stock worth $1,313,000 after acquiring an additional 6,349 shares during the period. 96.23% of the stock is currently owned by institutional investors.

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.