UBS Group Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Key Points

• UBS Group has lowered its price target for Fidelity National Information Services from $84.00 to $82.00, while maintaining a "neutral" rating, indicating a potential upside of 16.72% from its current price.
• Fidelity National Information Services recently reported $1.36 EPS for the last quarter, meeting analyst estimates, with a revenue of $2.62 billion, reflecting a 5.1% year-over-year increase.
• Overall, Fidelity National Information Services has a consensus rating of "Moderate Buy" from analysts, with a median price target of $90.70.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its target price dropped by stock analysts at UBS Group from $84.00 to $82.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the information technology services provider's stock. UBS Group's price objective would indicate a potential upside of 17.67% from the stock's previous close.

A number of other equities analysts also recently issued reports on the company. Robert W. Baird increased their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a research note on Wednesday, April 23rd. Stephens boosted their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Truist Financial boosted their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Trading Down 0.5%

Shares of NYSE:FIS traded down $0.38 on Wednesday, hitting $69.69. The company had a trading volume of 471,966 shares, compared to its average volume of 3,591,544. The firm's 50-day simple moving average is $79.95 and its two-hundred day simple moving average is $76.80. The firm has a market capitalization of $36.61 billion, a price-to-earnings ratio of 387.20 and a beta of 1.04. The company has a quick ratio of 0.63, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.36. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. Equities analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Baupost Group LLC MA bought a new stake in Fidelity National Information Services during the first quarter valued at approximately $260,853,000. Nuveen LLC purchased a new position in shares of Fidelity National Information Services during the 1st quarter worth $187,514,000. Invesco Ltd. grew its position in shares of Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after acquiring an additional 1,730,878 shares during the period. Boston Partners increased its stake in shares of Fidelity National Information Services by 10.3% in the 2nd quarter. Boston Partners now owns 11,801,151 shares of the information technology services provider's stock worth $956,986,000 after purchasing an additional 1,103,121 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

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.