Fidelity National Information Services (NYSE:FIS) Given Outperform Rating at William Blair

William Blair reaffirmed their outperform rating on shares of Fidelity National Information Services (NYSE:FIS) in a research note published on Tuesday,RTT News reports.

A number of other equities research analysts also recently issued reports on the company. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. TD Cowen lifted their price objective 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. Finally, Mizuho lifted their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $87.36.

Fidelity National Information Services Price Performance

NYSE FIS opened at $69.61 on Tuesday. Fidelity National Information Services has a one year low of $62.17 and a one year high of $91.98. The stock has a 50-day moving average of $79.90 and a 200 day moving average of $82.77. The company has a market capitalization of $37.48 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

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 return on equity of 15.35% and a net margin of 14.37%. During the same period in the prior year, the business posted $0.94 earnings per share. On average, sell-side analysts forecast that Fidelity National Information Services will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed 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 is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.30%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 701 shares of the business’s 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 trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several large investors have recently modified their holdings of the stock. Bradley Foster & Sargent Inc. CT increased its position in shares of Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after purchasing an additional 129 shares during the last quarter. Graypoint LLC increased its position in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after purchasing an additional 132 shares during the last quarter. Old Port Advisors increased its position in shares of Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 135 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its position in shares of Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after purchasing an additional 137 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.