Fidelity National Information Services, Inc. (NYSE:FIS) Receives $89.75 Consensus PT from Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been given an average rating of “Moderate Buy” by the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $91.11.

Several equities analysts recently commented on the stock. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, April 4th. Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Morgan Stanley lowered their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price target on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th.

Fidelity National Information Services Trading Up 0.6 %

Shares of Fidelity National Information Services stock opened at $78.36 on Wednesday. The company’s 50-day moving average price is $73.85 and its 200-day moving average price is $78.79. The company has a market cap of $41.20 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned $1.33 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. Fidelity National Information Services’s payout ratio is currently 105.96%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 844 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently modified their holdings of the stock. Bradley Foster & Sargent Inc. CT increased its position in shares of Fidelity National Information Services by 4.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after acquiring an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 129 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock valued at $242,000 after purchasing an additional 137 shares in the last quarter. Center for Financial Planning Inc. boosted its stake in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock valued at $303,000 after buying an additional 138 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Fidelity National Information Services by 5.4% in the fourth quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider’s stock worth $228,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.