Fidelity National Information Services (NYSE:FIS) Upgraded at Oppenheimer

Fidelity National Information Services (NYSE:FIS - Get Free Report) was upgraded by Oppenheimer from a "market perform" rating to an "outperform" rating in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $94.00 price target on the information technology services provider's stock. Oppenheimer's target price would indicate a potential upside of 21.38% from the stock's current price.

FIS has been the subject of a number of other reports. Barclays decreased their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods cut 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 note on Wednesday, February 12th. Compass Point lowered their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.29.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $1.82 during trading on Wednesday, reaching $77.45. The company had a trading volume of 1,817,057 shares, compared to its average volume of 3,532,128. 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's 50 day simple moving average is $72.27 and its two-hundred day simple moving average is $79.44. The company has a market capitalization of $41.02 billion, a PE ratio of 29.70, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services has a one year low of $66.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS 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 in the previous year, the business earned $0.94 earnings per share. Sell-side analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.20% of the company's stock.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bradley Foster & Sargent Inc. CT boosted its position in shares of Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after acquiring an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after purchasing an additional 129 shares in the last quarter. Old Port Advisors grew its position in Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after acquiring an additional 135 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Fidelity National Information Services by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after purchasing an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in Fidelity National Information Services by 3.8% in the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after acquiring an additional 138 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

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.