Fidelity National Information Services’ (FIS) Outperform Rating Reiterated at Robert W. Baird

Fidelity National Information Services, Inc. (NYSE:FIS)‘s stock had its “outperform” rating reiterated by Robert W. Baird in a report issued on Tuesday, October 10th. They currently have a $108.00 price objective on the information technology services provider’s stock, up from their previous price objective of $102.00. Robert W. Baird’s target price would suggest a potential upside of 13.35% from the stock’s current price.

FIS has been the topic of several other research reports. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Cowen and Company restated an “outperform” rating and issued a $92.00 target price (up previously from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. Barclays PLC restated an “overweight” rating and issued a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $94.00 target price (up previously from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $94.67.

Shares of Fidelity National Information Services (NYSE FIS) traded up 0.14% on Tuesday, reaching $95.28. 976,680 shares of the company were exchanged. The stock has a 50 day moving average of $93.47 and a 200-day moving average of $88.07. Fidelity National Information Services has a 52-week low of $73.25 and a 52-week high of $95.50. The company has a market capitalization of $31.67 billion, a P/E ratio of 47.76 and a beta of 0.85.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. On average, analysts predict that Fidelity National Information Services will post $4.29 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has initiated a share repurchase plan on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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In other news, Director Stephan A. James sold 18,368 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the sale, the director now directly owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 520,549 shares of company stock worth $47,224,679. Corporate insiders own 2.66% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of Fidelity National Information Services by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after acquiring an additional 9 shares during the last quarter. WFG Advisors LP increased its stake in Fidelity National Information Services by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 593 shares in the last quarter. Motco increased its stake in Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 131 shares in the last quarter. BB&T Investment Services Inc. bought a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $103,0

FIS has been the topic of several other research reports. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Cowen and Company restated an “outperform” rating and issued a $92.00 target price (up previously from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. Barclays PLC restated an “overweight” rating and issued a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $94.00 target price (up previously from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $94.67.

Shares of Fidelity National Information Services (NYSE FIS) traded up 0.14% on Tuesday, reaching $95.28. 976,680 shares of the company were exchanged. The stock has a 50 day moving average of $93.47 and a 200-day moving average of $88.07. Fidelity National Information Services has a 52-week low of $73.25 and a 52-week high of $95.50. The company has a market capitalization of $31.67 billion, a P/E ratio of 47.76 and a beta of 0.85.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. On average, analysts predict that Fidelity National Information Services will post $4.29 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has initiated a share repurchase plan on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/22/robert-w-baird-reaffirms-outperform-rating-for-fidelity-national-information-services-inc-fis.html.

In other news, Director Stephan A. James sold 18,368 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the sale, the director now directly owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 520,549 shares of company stock worth $47,224,679. Corporate insiders own 2.66% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of Fidelity National Information Services by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after acquiring an additional 9 shares during the last quarter. WFG Advisors LP increased its stake in Fidelity National Information Services by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 593 shares in the last quarter. Motco increased its stake in Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 131 shares in the last quarter. BB&T Investment Services Inc. bought a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $103,000. Finally, IFP Advisors Inc increased its stake in Fidelity National Information Services by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 84 shares in the last quarter. 86.64% of the stock is owned by institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Analyst Recommendations for Fidelity National Information Services (NYSE:FIS)

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