Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Rating of “Hold” by Analysts

Fidelity National Information Services, Inc. (NYSE:FIS) has been given an average recommendation of “Hold” by the twenty-two research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $79.5263.

A number of equities research analysts have weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. UBS Group increased their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Compass Point reduced their target price on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Cantor Fitzgerald initiated coverage on Fidelity National Information Services in a report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price target on the stock. Finally, BNP Paribas Exane reduced their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $50.88 on Friday. Fidelity National Information Services has a 1 year low of $50.48 and a 1 year high of $83.97. The firm has a market cap of $26.35 billion, a P/E ratio of 188.43, a PEG ratio of 0.77 and a beta of 0.90. The stock has a fifty day moving average price of $63.65 and a two-hundred day moving average price of $66.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. Research analysts forecast that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.5%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares in the company, valued at $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently made changes to their positions in the company. Pinnacle Bancorp Inc. grew its position in Fidelity National Information Services by 21.9% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 150 shares in the last quarter. BOKF NA raised its position in Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after buying an additional 159 shares during the period. Fiduciary Trust Co boosted its position in Fidelity National Information Services by 4.9% during the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after acquiring an additional 161 shares during the period. Wealthspire Advisors LLC grew its stake in Fidelity National Information Services by 3.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after acquiring an additional 162 shares in the last quarter. Finally, FJ Capital Management LLC increased its holdings in shares of Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.