In a report made public on Thursday, research analysts at Truist Financial lowered their price target for Fidelity National Information Services (NYSE: FIS).
This information was obtained from The Fly.
The new price objective is now $56.00, down from $65.00.
The current price of the company’s stock is $8.59%, and the price goal that Truist Financial has set for itself indicates the potential for an increase.
Fidelity National Information Services (NYSE: FIS) released its most recent earnings report for its most recent fiscal quarter on Monday, February 13.
The report covered the company’s most recent fiscal quarter.
The company that provides information technology services reported earnings per share for the quarter of $1.71, which was $0.01 higher than the consensus estimate of $1.70. However, the company’s revenue for the quarter was $3.71 billion, which is greater than the $3.69 billion that analysts anticipated it would bring in for the period.
Even though Fidelity National Information Services had a negative nett margin of 115.07%, the company was profitable overall because its return on equity was 9.71%. Compared to the same period in the previous year, the revenue for the current quarter showed a 1.1% increase.
The company earned a total of $1.92 per share during the same period the year before. Specialists have determined in equity research that Fidelity National Information Services should be able to realize earnings of $5.88 per share for the current fiscal year.
When the market opened on Thursday morning, the price per share of Fidelity National Information Services was $51.57.
All three ratios, the quick, current, and debt-to-equity ratios, have the same value of 0.79.
There is no difference between these three.
In its stock analysis, the company has a price-to-earnings ratio of -1.83, a price-to-growth ratio of 0.81, and a beta value of 0.84.
The company is currently valued at $30.53 billion on the market.
The stock’s price is currently trading at $68.38 on the simple moving average for the past 50 days, while the price is currently trading at $72.52 on the simple moving average for the past 200 days. Over the past 52 weeks, Fidelity National Information Services has varied between $49.64 and $106.65, with an average price of $106.65 overall.
There have been several research companies that have offered their comments and observations regarding FIS. UBS Group stated in a research note made public on February 14 that they would be decreasing their price objective for Fidelity National Information Services from $80.00 to $70.00.
This change was communicated in a research note.
Evercore ISI stated in a research note released on Friday, December 2, that they would be decreasing their price target on Fidelity National Information Services shares to $95.00.
This information was included in the note. Credit Suisse Group lowered their target price for Fidelity National Information Services shares from $85.00 to $75.00.
It downgraded the stock from an “outperform” rating to a “neutral” one in a research report published on February 14.
Morgan Stanley raised their price target for Fidelity National Information Services shares from $73.00 to $79.00 and switched their rating on the stock from “equal weight” to “overweight” in a research report published on February 14. Robert W.
Baird rated the company as having an “outperform” outlook in a research study that was made public on February 14.
At the same time, the firm decreased its target price on Fidelity National Information Services shares from $84.00 to $80.00.
The report’s topic was the stock of the company.
Equity research analysts have made the following suggestions regarding the stock available to investors: sell from 2, hold from 11, buy from 10, and buy strongly from 1.
According to the data on the website, the company has been estimated to be worth $90.78 and has been recommended to “hold” by analysts polled by Bloomberg.com.
The purchase of 2,243 shares of the company’s stock on February 22 by Fidelity National Information Services Director Jeffrey E. Stiefler is one example of the additional information available regarding this company.
The total investment required to purchase the shares was $150,011.84, an average price of $66.88 per share.
Because of the transaction, the director now owns 3,343 company shares, which together have an estimated value of $223,579.84. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction.
Additional details about Fidelity National Information Services include the purchase of 2,243 shares on February 22 by Director Jeffrey E. Stiefler.
The total investment required to purchase the shares was $150,011.84, an average price of $66.88 per share.
Because of the transaction, the director now owns 3,343 company shares, which together have an estimated value of $223,579.84. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction.
Also, on March 7, 5,658 shares of the company’s stock were sold by Erik D. Hoag, who is the company’s CFO.
Erik D. Hoag sold these shares.
It was determined that the shares were sold at a price that was an average of $63.88 per share, which resulted in a total sale volume of 361,433.04 dollars. Following the completion of the transaction, the chief financial officer will have 16,368 shares of the company’s stock, the value of which will be equal to $1,045,587.84 at present.
Disclosures related to the sale might be found in this website section.
The current percentage of the company’s stock held in personal accounts by those working within the company is 0.68%.
Many institutional investors, including hedge funds, have recently completed stock purchases and sales transactions. Various companies completed these transactions.
Laurel Financial Advisors INC increased the amount of Fidelity National Information Services stock owned by 1.5% over the first three months of 2018.
Laurel Wealth Advisors INC now holds 7,529 shares of the company’s stock following acquiring an additional 111 shares during the most recent quarter.
This results in a market capitalization of $756,000 for the company.
EP Financial Advisors LLC increased the amount of Fidelity National Information Services stock owned by 3.8% over the first three months of 2018.
EP Wealth Advisors LLC now has 3,098 shares of the information technology services provider’s stock, worth $311,000, after purchasing an additional 112 shares during the most recent quarter.
Benjamin Edwards INC increased the proportion of Fidelity National Information Services stock owned by 1.7% during the third quarter.
Benjamin Edwards, INC now has a total of 7,872 shares of the stock of the information technology services provider, which has been valued at $595,000 following the purchase of an additional 129 shares during the most recent quarter.
Brown Brothers Harriman & Co increased its ownership share in Fidelity National Information Services by 83.3% over the year’s first three months.
Brown Brothers Harriman & Co now has a total ownership stake of 286 shares, with a market cap of $29,000.
This is because the company purchased an additional 130 shares during the most recent quarter.
And finally, but certainly not least, Transcend Capital Advisors LLC increased the percentage of Fidelity National Information Services stock that is owned by an additional 2.2% during the third quarter. Following the purchase of 132 additional shares during the most recent fiscal quarter, Transcend Capital Advisors LLC now has a total of 6,215 shares, giving the company a market valuation of $470,000.
Institutional investors and hedge funds own most of the company’s stock, which accounts for 90.25 percent of the total.