Evercore ISI Increases Fidelity National Information Services (NYSE:FIS) Price Target to $75.00

Fidelity National Information Services (NYSE:FIS - Free Report) had its target price boosted by Evercore ISI from $62.00 to $75.00 in a report published on Tuesday, Benzinga reports. They currently have an in-line rating on the information technology services provider's stock.

Several other equities analysts have also weighed in on FIS. TheStreet raised shares of Fidelity National Information Services from a d rating to a c rating in a research report on Monday, February 26th. BNP Paribas downgraded shares of Fidelity National Information Services from an outperform rating to a neutral rating and set a $72.00 target price on the stock. in a research report on Thursday, April 11th. UBS Group boosted their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a neutral rating in a research report on Tuesday, February 27th. Mizuho boosted their target price on Fidelity National Information Services from $73.00 to $76.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Finally, Robert W. Baird downgraded Fidelity National Information Services from an outperform rating to a neutral rating and increased their price target for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $72.50.

Fidelity National Information Services Stock Down 2.2 %

NYSE:FIS traded down $1.55 on Tuesday, hitting $67.89. 4,536,506 shares of the company's stock traded hands, compared to its average volume of 4,416,464. The firm has a 50-day moving average price of $70.25 and a 200-day moving average price of $62.25. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The company has a market cap of $39.14 billion, a PE ratio of -6.04, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. Fidelity National Information Services has a 1 year low of $46.91 and a 1 year high of $74.75.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 EPS. Equities analysts anticipate that Fidelity National Information Services will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 2.12%. Fidelity National Information Services's payout ratio is currently -12.81%.

Fidelity National Information Services declared that its Board of Directors has approved a share repurchase program on Monday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 775 shares of the company's stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.68% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity National Information Services by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider's stock worth $166,408,000 after acquiring an additional 1,016,719 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $1,244,000. Korea Investment CORP lifted its position in Fidelity National Information Services by 5.5% during the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider's stock worth $11,890,000 after buying an additional 11,181 shares in the last quarter. Sapient Capital LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth about $1,076,000. Finally, Global Retirement Partners LLC grew its position in shares of Fidelity National Information Services by 8.6% in the fourth quarter. Global Retirement Partners LLC now owns 7,666 shares of the information technology services provider's stock valued at $469,000 after purchasing an additional 607 shares during the last quarter. 96.23% of the stock is 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.