Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Rating of “Hold” by Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been assigned a consensus recommendation of “Hold” from the twenty-two analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $88.65.

FIS has been the topic of several analyst reports. Wells Fargo & Company reduced their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley lowered their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Compass Point lowered their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Barclays decreased their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th.

Fidelity National Information Services Price Performance

FIS opened at $74.31 on Tuesday. The stock’s 50-day moving average price is $74.67 and its 200 day moving average price is $81.33. Fidelity National Information Services has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a market cap of $39.36 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.23 and a beta of 1.10. 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 (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 the consensus estimate 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 period last year, the business earned $0.94 earnings per share. As a group, sell-side analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Fidelity National Information Services

Several hedge funds and other institutional investors have recently made changes to their positions in FIS. Larson Financial Group LLC lifted its position in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $30,000. Groupama Asset Managment boosted its stake in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares in the last quarter. Morse Asset Management Inc purchased a new position in Fidelity National Information Services in the third quarter worth $37,000. Finally, OFI Invest Asset Management acquired a new stake in Fidelity National Information Services in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.