KeyCorp Trims Fidelity National Information Servcs (NYSE:FIS) Target Price to $140.00
Fidelity National Information Servcs (NYSE:FIS) had its price target trimmed by KeyCorp from $175.00 to $140.00 in a report issued on Monday morning, The Fly reports. They currently have an overweight rating on the information technology services provider’s stock.
A number of other equities research analysts have also commented on the company. Oppenheimer reiterated a buy rating and issued a $175.00 price target on shares of Fidelity National Information Servcs in a research report on Thursday, February 13th. SunTrust Banks upped their target price on Fidelity National Information Servcs from $135.00 to $155.00 and gave the company a hold rating in a research report on Tuesday, February 11th. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on Fidelity National Information Servcs in a research report on Thursday, January 23rd. They set an outperform rating and a $170.00 target price on the stock. Robert W. Baird cut their target price on Fidelity National Information Servcs from $172.00 to $156.00 and set an outperform rating on the stock in a research report on Wednesday, March 11th. Finally, Raymond James upped their price target on Fidelity National Information Servcs from $157.00 to $179.00 and gave the stock a strong-buy rating in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Fidelity National Information Servcs has a consensus rating of Buy and an average target price of $161.14.
Shares of NYSE FIS opened at $120.37 on Monday. The business has a fifty day simple moving average of $138.41 and a 200 day simple moving average of $136.88. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $73.44 billion, a price-to-earnings ratio of 126.71, a PEG ratio of 2.57 and a beta of 0.59. Fidelity National Information Servcs has a one year low of $91.68 and a one year high of $158.21.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.35 dividend. The ex-dividend date is Thursday, March 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.16%. Fidelity National Information Servcs’s dividend payout ratio is currently 24.96%.
In related news, COO Stephanie Ferris sold 52,547 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $155.39, for a total value of $8,165,278.33. Following the completion of the transaction, the chief operating officer now directly owns 21,659 shares in the company, valued at approximately $3,365,592.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James B. Stallings, Jr. sold 10,489 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $154.94, for a total transaction of $1,625,165.66. Following the completion of the transaction, the director now owns 11,532 shares of the company’s stock, valued at $1,786,768.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,206 shares of company stock worth $15,035,104. Insiders own 1.43% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Savior LLC bought a new stake in shares of Fidelity National Information Servcs in the fourth quarter valued at approximately $36,000. Pacitti Group Inc. bought a new position in Fidelity National Information Servcs during the fourth quarter worth about $38,000. Lloyd Advisory Services LLC. bought a new position in Fidelity National Information Servcs during the fourth quarter worth about $41,000. Engrave Wealth Partners LLC acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth about $44,000. Finally, Arlington Partners LLC raised its position in shares of Fidelity National Information Servcs by 55.6% during the fourth quarter. Arlington Partners LLC now owns 350 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.
Fidelity National Information Servcs Company Profile
Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.
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