BNP Paribas Downgrades Fidelity National Information Services (NYSE:FIS) to Underperform

BNP Paribas cut shares of Fidelity National Information Services (NYSE:FIS) from a neutral rating to an underperform rating in a research report released on Wednesday morning, Marketbeat.com reports.

A number of other analysts also recently commented on FIS. UBS Group upped their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Stephens boosted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Fidelity National Information Services Trading Down 0.2 %

Fidelity National Information Services stock opened at $85.90 on Wednesday. Fidelity National Information Services has a one year low of $53.79 and a one year high of $91.98. The stock has a market cap of $46.24 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50-day moving average of $86.89 and a two-hundred day moving average of $80.46.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company posted $0.94 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in Fidelity National Information Services during the third quarter worth approximately $59,000. Coldstream Capital Management Inc. grew its stake in 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 valued at $898,000 after buying an additional 499 shares during the last quarter. RB Capital Management LLC bought a new position in Fidelity National Information Services in the 3rd quarter worth $368,000. Continuum Advisory LLC boosted its holdings in Fidelity National Information Services by 4.6% during the third quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider’s stock valued at $281,000 after acquiring an additional 141 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Fidelity National Information Services by 2.5% in the third quarter. Public Employees Retirement System of Ohio now owns 258,147 shares of the information technology services provider’s stock valued at $21,620,000 after purchasing an additional 6,251 shares during the last quarter. Institutional investors and hedge funds 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.