Fidelity National Information Services (NYSE:FIS) Shares Up 3.7% – Time to Buy?

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded up 3.7% on Thursday . The stock traded as high as $70.87 and last traded at $70.62. 718,487 shares traded hands during trading, a decline of 79% from the average session volume of 3,503,903 shares. The stock had previously closed at $68.12.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Barclays lowered their target price on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, Morgan Stanley lowered their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Price Performance

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 stock has a market cap of $37.57 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The stock’s fifty day moving average is $75.28 and its 200-day moving average is $81.69.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the business earned $0.94 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Apollon Wealth Management LLC boosted its holdings in shares of Fidelity National Information Services by 14.9% during the third quarter. Apollon Wealth Management LLC now owns 5,832 shares of the information technology services provider’s stock valued at $488,000 after acquiring an additional 758 shares during the period. GSA Capital Partners LLP acquired a new stake in Fidelity National Information Services during the 3rd quarter worth about $590,000. Aptus Capital Advisors LLC raised its holdings in Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after buying an additional 137 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Fidelity National Information Services by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider’s stock valued at $17,060,000 after purchasing an additional 11,933 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Fidelity National Information Services by 8.4% in the 3rd quarter. Huntington National Bank now owns 3,059 shares of the information technology services provider’s stock valued at $256,000 after purchasing an additional 236 shares during the period. Institutional investors 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.