Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Rating of “Hold” by Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been given an average recommendation of “Hold” by the twenty-two research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $88.65.

FIS has been the topic of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. 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 note on Tuesday, February 18th. Morgan Stanley dropped their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th.

Fidelity National Information Services Trading Down 1.4 %

Shares of Fidelity National Information Services stock opened at $73.38 on Tuesday. Fidelity National Information Services has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day moving average price of $74.76 and a 200 day moving average price of $81.40. The company has a market capitalization of $38.87 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the company posted $0.94 EPS. Sell-side analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current fiscal 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. This is a positive change 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 currently 61.30%.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Large investors have recently bought and sold shares of the stock. Bradley Foster & Sargent Inc. CT raised its stake in shares of Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 129 shares in the last quarter. Old Port Advisors increased its position in shares of Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 135 shares in the last quarter. Modera Wealth Management LLC increased its position in shares of Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock worth $242,000 after purchasing an additional 137 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its position in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock worth $303,000 after purchasing an additional 138 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.