Fidelity National Information Services, Inc. (NYSE:FIS) Receives $87.36 Average PT from Analysts

Fidelity National Information Services, Inc. (NYSE:FIS) has received a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $88.65.

A number of research firms have commented on FIS. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company reduced their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. Jefferies Financial Group Inc. bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $2,130,000. Heck Capital Advisors LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $2,593,000. Ascent Group LLC boosted its position in shares of Fidelity National Information Services by 8.9% in the fourth quarter. Ascent Group LLC now owns 6,102 shares of the information technology services provider’s stock valued at $493,000 after acquiring an additional 501 shares during the period. Mackenzie Financial Corp boosted its position in shares of Fidelity National Information Services by 6.5% in the fourth quarter. Mackenzie Financial Corp now owns 508,272 shares of the information technology services provider’s stock valued at $41,053,000 after acquiring an additional 31,146 shares during the period. Finally, Forum Financial Management LP bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $558,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS stock opened at $69.25 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a one year low of $66.38 and a one year high of $91.98. The firm has a market capitalization of $36.68 billion, a PE ratio of 26.53, a P/E/G ratio of 1.23 and a beta of 1.04. The firm has a 50-day moving average of $77.69 and a two-hundred day moving average of $82.33.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the firm earned $0.94 earnings per share. On average, analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

About Fidelity National Information Services

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.