Fidelity National Information Services (NYSE:FIS) Cut to Neutral at Susquehanna

Susquehanna downgraded shares of Fidelity National Information Services (NYSE:FIS) from a positive rating to a neutral rating in a research report sent to investors on Wednesday, MarketBeat Ratings 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.

Several other equities research analysts also recently weighed in on FIS. Mizuho increased their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company started coverage on Fidelity National Information Services in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price target on the stock. TD Cowen raised their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley raised their target price on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and an average target price of $87.95.

Fidelity National Information Services Price Performance

NYSE FIS opened at $68.84 on Wednesday. The stock’s fifty day moving average price is $80.53 and its 200 day moving average price is $82.78. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services has a 1 year low of $62.17 and a 1 year high of $91.98.

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, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the prior year, the company posted $0.94 EPS. As a group, equities research analysts forecast that Fidelity National Information Services will post 5.18 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. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several institutional investors have recently made changes to their positions in FIS. CX Institutional increased its holdings in Fidelity National Information Services by 4.0% in the 3rd quarter. CX Institutional now owns 4,422 shares of the information technology services provider’s stock valued at $370,000 after purchasing an additional 170 shares during the last quarter. Creative Planning increased its holdings in Fidelity National Information Services by 6.9% in the 3rd quarter. Creative Planning now owns 69,023 shares of the information technology services provider’s stock valued at $5,781,000 after purchasing an additional 4,452 shares during the last quarter. Swedbank AB increased its holdings in Fidelity National Information Services by 1.3% in the 3rd quarter. Swedbank AB now owns 360,769 shares of the information technology services provider’s stock valued at $30,214,000 after purchasing an additional 4,642 shares during the last quarter. SPC Financial Inc. acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at approximately $327,000. Finally, ZWJ Investment Counsel Inc. increased its holdings in Fidelity National Information Services by 0.9% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 145,799 shares of the information technology services provider’s stock valued at $12,211,000 after purchasing an additional 1,309 shares during the last quarter. 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.