Robert W. Baird Boosts Fidelity National Information Services (NYSE:FIS) Price Target to $82.00

Fidelity National Information Services (NYSE:FIS) had its price target increased by Robert W. Baird from $80.00 to $82.00 in a report issued on Friday,Benzinga reports. The firm currently has a neutral rating on the information technology services provider’s stock.

Several other research analysts have also commented on FIS. UBS Group cut their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Barclays reduced their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Morgan Stanley decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.05.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $69.90 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services has a 1-year low of $66.51 and a 1-year high of $91.98. The firm has a market capitalization of $37.02 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.23 and a beta of 1.06. The business’s 50-day simple moving average is $73.84 and its 200-day simple moving average is $80.72.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the previous year, the business earned $0.94 EPS. Equities analysts predict that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.29%. Fidelity National Information Services’s payout ratio is presently 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FIS. Norges Bank acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at $635,202,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the 4th quarter valued at $451,458,000. Arrowstreet Capital Limited Partnership boosted its position in Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock worth $261,037,000 after acquiring an additional 1,616,146 shares during the period. KBC Group NV grew its stake in shares of Fidelity National Information Services by 1,390.5% in the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. 96.23% of the stock is currently owned by institutional investors.

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.