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

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $71.59.

FIS has been the topic of several analyst reports. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Royal Bank of Canada lifted their price objective on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Mizuho lifted their price objective on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Bank of America lifted their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Robert W. Baird lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $76.00 to $78.00 in a research report on Wednesday, March 13th.

Fidelity National Information Services Stock Down 1.2 %

Shares of NYSE FIS opened at $69.59 on Friday. The stock has a market capitalization of $40.12 billion, a P/E ratio of -6.19, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a 50-day moving average price of $70.04 and a 200-day moving average price of $61.89. Fidelity National Information Services has a 1 year low of $46.91 and a 1 year high of $74.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm posted $1.71 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Fidelity National Information Services will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has approved a share buyback program on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.07%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the business’s stock in a transaction on Monday, April 15th. The stock was acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Fidelity National Information Services by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock valued at $166,408,000 after buying an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at $1,244,000. Korea Investment CORP boosted its position in Fidelity National Information Services by 5.5% during the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock valued at $11,890,000 after buying an additional 11,181 shares during the period. Value Holdings Management CO. LLC boosted its position in Fidelity National Information Services by 77.4% during the 3rd quarter. Value Holdings Management CO. LLC now owns 173,000 shares of the information technology services provider’s stock valued at $9,562,000 after buying an additional 75,500 shares during the period. Finally, Sapient Capital LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at $1,076,000. Hedge funds and other institutional investors 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.