Susquehanna Downgrades Fidelity National Information Services (NYSE:FIS) to Neutral

Fidelity National Information Services (NYSE:FIS) was downgraded by investment analysts at Susquehanna from a “positive” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a $81.00 price objective on the information technology services provider’s stock, down from their prior price objective of $103.00. Susquehanna’s price target would indicate a potential upside of 15.05% from the company’s previous close.

Several other analysts have also recently issued reports on FIS. Stephens upped their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. UBS Group boosted their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $104.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $87.95.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $70.41 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50 day simple moving average is $80.83 and its 200-day simple moving average is $82.87. The company has a market cap of $37.90 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a 1-year low of $61.62 and a 1-year high of $91.98.

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

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds have recently added to or reduced their stakes in FIS. Norges Bank acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth $635,202,000. Raymond James Financial Inc. purchased a new position in Fidelity National Information Services in the fourth quarter valued at $451,458,000. Raymond James & Associates grew its stake in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after purchasing an additional 3,357,329 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Fidelity National Information Services by 100.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock valued at $261,037,000 after purchasing an additional 1,616,146 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after buying an additional 1,101,072 shares during the period. 96.23% of the stock is currently 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.