Fidelity National Information Services, Inc. (NYSE:FIS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $81.25.

Several analysts have recently weighed in on FIS shares. Susquehanna lifted their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Bank of America upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. TD Cowen upped their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction on Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in Fidelity National Information Services during the first quarter worth $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in Fidelity National Information Services in the second quarter valued at $30,000. Family Firm Inc. purchased a new stake in Fidelity National Information Services during the second quarter valued at about $35,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services during the second quarter valued at about $35,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter worth about $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $84.39 on Tuesday. The stock has a market cap of $46.94 billion, a PE ratio of -8.25, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. The company’s fifty day moving average price is $79.36 and its 200-day moving average price is $75.69. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $85.63. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Information Services will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

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.