Fidelity National Information Services (NYSE:FIS) Stock Rating Lowered by BNP Paribas

BNP Paribas cut shares of Fidelity National Information Services (NYSE:FIS) from a neutral rating to an underperform rating in a research report sent to investors on Wednesday, MarketBeat reports.

Several other equities research analysts also recently weighed in on the stock. Mizuho lifted their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Stephens lifted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, UBS Group lifted their price target 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $86.08 on Wednesday. Fidelity National Information Services has a twelve month low of $54.65 and a twelve month high of $91.98. The firm has a fifty day simple moving average of $86.96 and a 200 day simple moving average of $80.65. The company has a market capitalization of $46.34 billion, a PE ratio of 34.29, a P/E/G ratio of 0.72 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Buying and Selling

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was bought 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 owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

A number of institutional investors have recently modified their holdings of the business. Cadence Bank lifted its stake in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after buying an additional 132 shares in the last quarter. Graypoint LLC lifted its stake in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 132 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock valued at $349,000 after buying an additional 135 shares in the last quarter. Aptus Capital Advisors LLC increased 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 acquiring an additional 137 shares during the period. Finally, Continuum Advisory LLC increased its holdings in Fidelity National Information Services by 4.6% during the 3rd quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider’s stock worth $281,000 after acquiring an additional 141 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.