Fidelity National Information Services, Inc. (NYSE:FIS) Receives Consensus Recommendation of “Hold” from Brokerages

Fidelity National Information Services, Inc. (NYSE:FIS) has received a consensus recommendation of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating 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.

A number of brokerages recently issued reports on FIS. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Compass Point reduced their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Barclays reduced their price target 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. Finally, Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several institutional investors have recently added to or reduced their stakes in FIS. GSA Capital Partners LLP bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $590,000. Victory Capital Management Inc. lifted its stake in Fidelity National Information Services by 6.2% in the third quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider’s stock worth $17,060,000 after acquiring an additional 11,933 shares during the period. Atlanta Consulting Group Advisors LLC bought a new stake in Fidelity National Information Services in the third quarter valued at $342,000. Claro Advisors LLC purchased a new position in Fidelity National Information Services during the 3rd quarter valued at $208,000. Finally, Clarkston Capital Partners LLC raised its holdings in Fidelity National Information Services by 5.0% in the 3rd quarter. Clarkston Capital Partners LLC now owns 63,000 shares of the information technology services provider’s stock worth $5,276,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $72.33 on Tuesday. The firm has a market capitalization of $38.31 billion, a PE ratio of 27.71, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $75.15 and a two-hundred day moving average price of $81.63. Fidelity National Information Services has a twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 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 period in the prior year, the firm posted $0.94 earnings per share. Equities analysts forecast that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.21%. This is a positive change 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 dividend payout ratio is presently 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.