Fidelity National Information Services, Inc. (NYSE:FIS) declared a quarterly dividend on Thursday, July 20th, RTT News reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.29 per share by the information technology services provider on Friday, September 29th. This represents a $1.16 annualized dividend and a yield of 1.29%.

Fidelity National Information Services has increased its dividend by an average of 5.7% annually over the last three years. Fidelity National Information Services has a dividend payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Information Services to earn $4.81 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 24.1%.

Shares of Fidelity National Information Services (FIS) traded down 0.07% on Thursday, reaching $89.81. 1,476,356 shares of the company’s stock traded hands. The firm’s 50-day moving average is $86.38 and its 200-day moving average is $82.57. Fidelity National Information Services has a 52-week low of $73.25 and a 52-week high of $90.27. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of 45.84 and a beta of 0.83.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. Analysts anticipate that Fidelity National Information Services will post $4.25 EPS for the current fiscal year.

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A number of brokerages recently weighed in on FIS. Goldman Sachs Group, Inc. (The) lowered shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and set a $86.00 target price for the company. in a research report on Monday, March 27th. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Compass Point lowered shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $86.00 to $83.00 in a research report on Wednesday, May 3rd. Cantor Fitzgerald restated a “buy” rating and set a $89.00 target price on shares of Fidelity National Information Services in a research report on Tuesday, May 2nd. Finally, Barclays PLC restated a “buy” rating and set a $94.00 target price on shares of Fidelity National Information Services in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $89.67.

In related news, EVP Michael P. Oates sold 266,712 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $82.79, for a total transaction of $22,081,086.48. Following the sale, the executive vice president now owns 312,828 shares of the company’s stock, valued at $25,899,030.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the sale, the director now directly owns 14,498 shares in the company, valued at approximately $1,237,984.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 746,501 shares of company stock worth $61,960,326. 2.66% of the stock is owned by insiders.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Dividend History for Fidelity National Information Services (NYSE:FIS)

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