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

Fidelity National Information Services (NYSE:FIS) had its price objective lowered by analysts at Barclays from $102.00 to $85.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s price objective suggests a potential upside of 23.47% from the stock’s previous close.

Several other brokerages have also issued reports on FIS. Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley dropped their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.36.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $68.84 on Tuesday. The stock’s 50-day simple moving average is $79.90 and its 200-day simple moving average is $82.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $37.06 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a fifty-two week low of $62.17 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, equities research analysts forecast that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FIS. Heck Capital Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $2,593,000. Avanza Fonder AB purchased a new stake in Fidelity National Information Services in the 4th quarter worth approximately $3,227,000. Princeton Global Asset Management LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at $2,313,000. CENTRAL TRUST Co lifted its stake in shares of Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares during the period. Finally, Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $347,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.