Fidelity National Information Services, Inc. (FIS) to Issue Quarterly Dividend of $0.36 on September 24th

Fidelity National Information Services, Inc. (NYSE:FIS) declared a quarterly dividend on Thursday, August 1st, RTT News reports. Shareholders of record on Tuesday, September 10th will be paid a dividend of 0.36 per share by the information technology services provider on Tuesday, September 24th. This represents a $1.44 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, September 10th.

Fidelity National Information Services has increased its dividend by an average of 14.1% per year over the last three years. Fidelity National Information Services has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Information Services to earn $5.66 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 25.4%.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $81.36 on Friday. The firm has a market cap of $45.26 billion, a P/E ratio of -7.95, a P/E/G ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $83.29. The firm has a fifty day moving average of $77.40 and a two-hundred day moving average of $74.35.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business posted $1.55 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FIS. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Susquehanna lifted their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barclays lifted their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley downgraded shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a research report on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average target price of $80.65.

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.