Fidelity National Information Services, Inc. (NYSE:FIS) Receives Average Rating of “Hold” from Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received a consensus rating of “Hold” from the twenty-four brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $87.36.

FIS has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barclays lowered their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday. Morgan Stanley dropped their target price 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. Finally, UBS Group lowered their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th.

Fidelity National Information Services Stock Up 0.7 %

FIS stock opened at $69.89 on Friday. The company has a market cap of $37.02 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.04. The firm has a 50-day moving average of $78.98 and a two-hundred day moving average of $82.56. Fidelity National Information Services has a 12 month low of $62.17 and a 12 month high of $91.98. 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 released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company earned $0.94 earnings per share. As a group, analysts forecast that Fidelity National Information Services will post 5.74 earnings per share 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. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. 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. Fidelity National Information Services’s payout ratio is presently 55.17%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently made changes to their positions in FIS. Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 94.1% in the 3rd 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 last quarter. Kennebec Savings Bank acquired a new position in Fidelity National Information Services in the third quarter valued at approximately $28,000. R Squared Ltd bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Groupama Asset Managment grew its holdings in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 319 shares during the period. Finally, Concord Wealth Partners raised its position in shares of 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 acquiring an additional 146 shares during the last quarter. 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.