Fidelity National Information Services’ (FIS) Outperform Rating Reaffirmed at William Blair

William Blair reissued their outperform rating on shares of Fidelity National Information Services (NYSE:FIS) in a research report released on Tuesday,RTT News reports.

Several other brokerages have also commented on FIS. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. TD Cowen raised their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Barclays cut 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 note on Tuesday. Keefe, Bruyette & Woods cut 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. Finally, JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.36.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $69.61 on Tuesday. The stock’s fifty day moving average is $79.90 and its two-hundred day moving average is $82.77. The company has a market capitalization of $37.48 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 52 week low of $62.17 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period in the prior year, the firm posted $0.94 EPS. As a group, analysts expect that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Capital Research Global Investors raised its stake in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. State Street Corp raised its stake in shares of Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after purchasing an additional 208,127 shares during the last quarter. Boston Partners raised its stake in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Finally, Norges Bank purchased a new position in Fidelity National Information Services during the fourth quarter valued at approximately $635,202,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.