Fidelity National Information Services, Inc. to Issue Quarterly Dividend of $0.36 (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Monday, December 9th will be paid a dividend of 0.36 per share by the information technology services provider on Monday, December 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 1.60%.

Fidelity National Information Services has raised its dividend payment by an average of 14.1% annually over the last three years. Fidelity National Information Services has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Information Services to earn $5.64 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Stock Down 1.1 %

NYSE FIS traded down $0.99 on Thursday, reaching $89.73. The stock had a trading volume of 3,862,643 shares, compared to its average volume of 3,732,314. The business has a 50 day moving average price of $85.04 and a 200 day moving average price of $78.60. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 1 year low of $47.97 and a 1 year high of $91.54. The company has a market capitalization of $49.91 billion, a price-to-earnings ratio of -8.77, a P/E/G ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that Fidelity National Information Services will post 5.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on FIS. Morgan Stanley cut Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. TD Cowen boosted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Stephens boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Susquehanna boosted their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $83.30.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’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 completion of the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% 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.