How Credit Suisse Currently Rates Fidelity National Information Services (NYSE:FIS)
In recent note revealed to investors and clients today, Credit Suisse analysts have initiated Fidelity National Information Services (NYSE:FIS) coverage with “Neutral” rating.
From a total of 16 analysts covering Fidelity National Information Services (NYSE:FIS) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is $85 while the lowest target price is $63. The mean of all analyst targets is $76.31 with a 28.96% above today’s ($61.26) stock price. Fidelity National Information Services was the topic of 12 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. JP Morgan upgraded shares on December 2 to “Overweight” rating. RBC Capital Markets upgraded shares to “Outperform” rating and $78 target share price in a report from an August 26. Monness Crespi & Hardt maintained FIS stock in a recent report from October 5 with “Buy” rating. JP Morgan maintained the rating on August 14. JP Morgan has a “Neutral” rating and a $70 price target on shares. Finally, SunTrust maintained the stock with “Buy” rating in a report issued on a September 11.
Approximately 957,552 shares of stock traded hands. Fidelity National Information Services (NYSE:FIS) has declined 3.38% since May 8, 2015 and is downtrending. It has underperformed by 0.36% the S&P500.
The overall sentiment of institutions has increased to 1.04 in Q2 2015. Its up 0.26, from 0.78 in 2015Q2. The ratio is positive, as 37 institutions have sold all the shares of Fidelity National Information Services that they owned while 177 funds have taken shares off the table. 58 funds have purchased shares for the first time while 165 added to their positions. These institutions now hold 246.51 million shares or 6.41% more than the 231.66 million shares they owned in 2015Q2.
The Fund Fidelity National Financial Inc. currently is holding shares equating to 28% of its total portfolio in Fidelity National Information Services representing a total of 1.30 million shares. Another fund,Cantillon Capital Management Llc, is holding a total of 8.06 million shares equating to 11.52% of their holdings. Additionally, Investors Asset Management Of Georgia Inc Ga Adv has a 155,633 share stake in Fidelity National Information Services which represents 9.38% of their total portfolio. The Fund, Sachem Head Capital Management Lp, based out of New York, has also built up a stake in the stock, which represents a total of 9.34% of their total portfolio. Finally Longview Partners (Guernsey) Ltd, a fund which is based in the state of Guernsey reported a total holdings of 9.65 million shares.
Insider activity is a very important aspect to track on any stock. Going back to May 6, 2015, shareholders of Fidelity National Information Services have witnessed 0 buys, and a total of 5 selling transactions equating to a net activity of approximately $16.24 million . Massey Richard N sold 4,201 shares worth approximately $287,351. Oates Michael P sold 80,000 shares worth approximately $5.72 million. Hunt David K sold 15,800 shares worth approximately $1.12M. Hughes Keith W sold 14,738 shares worth approximately $949,466. The company insider Heyvaert Paul Luc Robert sold 127,222 shares worth $8.16 million.
Fidelity National Information Services, Inc. is a well-known provider of banking and payments technology, consulting and outsourcing solutions. The company has a market cap of $17.58 billion. The Firm operates through four divisions: Financial Solutions Group provides services and software to satisfy the processing, technology, and outsourcing needs of its financial institution clients in North America. It has 23.76 P/E ratio. Payment Solutions Group provides services and software for the electronic funds transfer, card processing, item processing, bill payment, and government payments processing needs of its clients in North America.
According to Zacks Investment Research, “Certegy Inc. provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to financial institutions and merchants worldwide.” Get a free copy of the Zacks research report on Fidelity National Information Services (FIS).