Brokerages Set Fidelity National Information Services, Inc. (NYSE:FIS) Price Target at $89.68

Fidelity National Information Services, Inc. (NYSE:FIS) has earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $89.68.

FIS has been the topic of several research reports. Stephens raised their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Mizuho raised their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. TD Cowen upped their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Bank of America raised their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, UBS Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $87.82 on Wednesday. The business has a fifty day moving average of $86.67 and a 200 day moving average of $80.18. Fidelity National Information Services has a 1 year low of $53.76 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $47.28 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06.

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

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 yield of 1.64%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the third quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at $30,000. Concord Wealth Partners boosted its stake in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the period. Finally, Morse Asset Management Inc purchased a new position in Fidelity National Information Services during the 3rd quarter worth $37,000. Hedge funds and other 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.