Fidelity National Information Services, Inc. (NYSE:FIS) Receives Average Recommendation of “Moderate Buy” from Analysts

Fidelity National Information Services, Inc. (NYSE:FIS) has been given an average recommendation of “Moderate Buy” by the twenty-two research firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $81.25.

A number of equities analysts have issued reports on FIS shares. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research note on Monday, July 22nd. Royal Bank of Canada lifted their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Susquehanna lifted their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Finally, TD Cowen boosted their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several large investors have recently modified their holdings of the company. Cadence Bank boosted its holdings in shares of Fidelity National Information Services by 1.9% in the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after acquiring an additional 132 shares during the period. Manchester Capital Management LLC increased its position in shares of Fidelity National Information Services by 6.8% in the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after buying an additional 143 shares in the last quarter. SageView Advisory Group LLC boosted its stake in shares of Fidelity National Information Services by 1.3% during the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after acquiring an additional 148 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Fidelity National Information Services by 14.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after acquiring an additional 166 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of Fidelity National Information Services by 2.4% during the second quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after acquiring an additional 169 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 0.2 %

Shares of Fidelity National Information Services stock opened at $83.13 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services has a 1 year low of $46.91 and a 1 year high of $85.63. The firm’s 50-day moving average is $79.90 and its two-hundred day moving average is $75.98. The stock has a market cap of $46.24 billion, a price-to-earnings ratio of -8.13, a PEG ratio of 0.83 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. As a group, research analysts expect that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

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.