Fidelity National Information Services, Inc. (NYSE:FIS) Receives $88.89 Consensus Target Price from Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been given a consensus rating of “Hold” by the twenty-two analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eleven have given a 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 $88.89.

A number of analysts recently commented on the company. UBS Group decreased their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, April 4th. Stephens decreased their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Finally, Raymond James downgraded 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.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently bought and sold shares of the stock. Morse Asset Management Inc purchased a new position in Fidelity National Information Services during the 3rd quarter valued at about $37,000. Coldstream Capital Management Inc. boosted its position in shares of Fidelity National Information Services by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,693 shares of the information technology services provider’s stock worth $898,000 after purchasing an additional 499 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of Fidelity National Information Services by 1,240.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider’s stock worth $147,000 after buying an additional 1,625 shares during the last quarter. World Investment Advisors LLC increased its position in Fidelity National Information Services by 2,063.1% during the 3rd quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider’s stock valued at $5,944,000 after buying an additional 67,690 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Fidelity National Information Services during the third quarter valued at $976,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 1.4 %

Shares of FIS stock opened at $71.32 on Friday. Fidelity National Information Services has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day simple moving average of $72.07 and a two-hundred day simple moving average of $80.00. The company has a market cap of $37.78 billion, a P/E ratio of 27.33, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company posted $0.94 earnings per share. Research analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.24%. Fidelity National Information Services’s payout ratio is 61.30%.

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.