Compass Point Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $113.00

Fidelity National Information Services (NYSE:FIS) had its target price cut by Compass Point from $126.00 to $113.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

A number of other analysts have also weighed in on FIS. Mizuho upped their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company started coverage on Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price objective for the company. UBS Group increased their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Stephens cut their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.95.

Fidelity National Information Services Stock Down 2.4 %

Shares of FIS opened at $68.84 on Wednesday. The firm has a market cap of $37.06 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a 12-month low of $62.17 and a 12-month high of $91.98. The company’s 50-day moving average price is $80.53 and its 200 day moving average price is $82.78. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter last year, the firm earned $0.94 EPS. On average, sell-side analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 61.30%.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CX Institutional boosted its position in Fidelity National Information Services by 4.0% during the 3rd quarter. CX Institutional now owns 4,422 shares of the information technology services provider’s stock worth $370,000 after acquiring an additional 170 shares during the period. Creative Planning boosted its position in Fidelity National Information Services by 6.9% during the 3rd quarter. Creative Planning now owns 69,023 shares of the information technology services provider’s stock worth $5,781,000 after acquiring an additional 4,452 shares during the period. Swedbank AB boosted its position in Fidelity National Information Services by 1.3% during the 3rd quarter. Swedbank AB now owns 360,769 shares of the information technology services provider’s stock worth $30,214,000 after acquiring an additional 4,642 shares during the period. SPC Financial Inc. acquired a new position in Fidelity National Information Services during the 3rd quarter worth $327,000. Finally, ZWJ Investment Counsel Inc. boosted its position in Fidelity National Information Services by 0.9% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 145,799 shares of the information technology services provider’s stock worth $12,211,000 after acquiring an additional 1,309 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.