Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $85.00 at Barclays

Fidelity National Information Services (NYSE:FIS) had its target price cut by Barclays from $102.00 to $85.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

Several other equities research analysts also recently weighed in on FIS. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Compass Point cut their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada cut their price target on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Mizuho upped their price objective 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. Finally, Wells Fargo & Company lowered their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.36.

Fidelity National Information Services Price Performance

FIS stock opened at $69.61 on Tuesday. The business’s fifty day moving average price is $79.90 and its 200 day moving average price is $82.77. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 12-month low of $62.17 and a 12-month high of $91.98. The company has a market capitalization of $37.48 billion, a PE ratio of 27.73, a P/E/G ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued 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 business posted $0.94 EPS. On average, sell-side analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.30%. This is a boost 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 (DPR) is presently 57.37%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of the business. Capital Research Global Investors raised its stake in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after buying an additional 1,082,929 shares in the last quarter. State Street Corp raised its stake in shares of Fidelity National Information Services by 0.9% during the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after buying an additional 211,787 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after buying an additional 208,127 shares in the last quarter. Boston Partners raised its stake in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after buying an additional 446,544 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $635,202,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

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.