Fidelity National Information Services, Inc. (NYSE:FIS) Receives $83.30 Consensus PT from Analysts

Fidelity National Information Services, Inc. (NYSE:FIS) has been assigned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $83.30.

FIS has been the topic of several analyst reports. Bank of America upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Susquehanna increased their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. TD Cowen increased 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. Finally, Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighPoint Advisor Group LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter worth $190,000. Kapitalo Investimentos Ltda boosted its holdings in Fidelity National Information Services by 96.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 1,137 shares of the information technology services provider’s stock worth $68,000 after purchasing an additional 557 shares during the last quarter. Mather Group LLC. bought a new stake in Fidelity National Information Services in the 1st quarter worth about $86,000. Rise Advisors LLC purchased a new stake in Fidelity National Information Services in the 1st quarter valued at about $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Fidelity National Information Services by 36.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,262 shares of the information technology services provider’s stock worth $94,000 after buying an additional 340 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 0.7 %

Shares of NYSE FIS opened at $89.72 on Friday. The stock has a market cap of $49.91 billion, a P/E ratio of -8.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The firm has a 50 day moving average price of $84.13 and a two-hundred day moving average price of $78.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $91.22.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company earned $1.55 EPS. Fidelity National Information Services’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts forecast that Fidelity National Information Services will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

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.