Fidelity National Information Services (NYSE:FIS) Sets New 52-Week High After Dividend Announcement

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as $91.54 and last traded at $91.12, with a volume of 241606 shares traded. The stock had previously closed at $90.72.

The newly announced dividend which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 107.46%.

Analysts Set New Price Targets

Several analysts recently commented on FIS shares. Susquehanna raised their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. UBS Group raised their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen upped their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Stephens raised their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group upped their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.30.

Fidelity National Information Services Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a 50 day simple moving average of $85.46 and a two-hundred day simple moving average of $78.80. The company has a market cap of $48.61 billion, a price-to-earnings ratio of 66.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company posted $1.55 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current fiscal year.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in shares of Fidelity National Information Services by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 64,285 shares of the information technology services provider’s stock valued at $4,768,000 after purchasing an additional 305 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Fidelity National Information Services by 18.7% in the first quarter. First Trust Direct Indexing L.P. now owns 12,910 shares of the information technology services provider’s stock valued at $958,000 after acquiring an additional 2,033 shares in the last quarter. Mission Wealth Management LP acquired a new stake in shares of Fidelity National Information Services during the first quarter worth about $230,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Fidelity National Information Services by 32.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 579,628 shares of the information technology services provider’s stock valued at $42,997,000 after buying an additional 143,315 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Fidelity National Information Services by 15.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 118,326 shares of the information technology services provider’s stock valued at $8,777,000 after purchasing an additional 15,865 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.