Fidelity National Information Services (NYSE:FIS) Downgraded to “Neutral” Rating by Susquehanna

Susquehanna cut shares of Fidelity National Information Services (NYSE:FIS) from a positive rating to a neutral rating in a research note released on Wednesday, Marketbeat reports. The brokerage currently has $81.00 target price on the information technology services provider’s stock, down from their prior target price of $103.00.

A number of other research analysts also recently issued reports on FIS. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price objective on the stock. Finally, TD Cowen upped their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $87.95.

Fidelity National Information Services Stock Down 0.8 %

Shares of NYSE:FIS opened at $72.59 on Wednesday. The firm has a 50 day simple moving average of $81.08 and a 200-day simple moving average of $82.94. Fidelity National Information Services has a twelve month low of $60.39 and a twelve month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $39.08 billion, a PE ratio of 28.92, a P/E/G ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same period in the previous year, the firm earned $0.94 earnings per share. On average, equities analysts predict that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its holdings in shares of 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 in the last quarter. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services during the 3rd quarter worth approximately $28,000. R Squared Ltd purchased a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $30,000. Concord Wealth Partners grew its holdings in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in Fidelity National Information Services during the third quarter worth $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.

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.