Fidelity National Information Services, Inc. (NYSE:FIS) Receives Average Recommendation of “Hold” from Brokerages

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

Several brokerages recently issued reports on FIS. UBS Group decreased their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Compass Point cut their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Stephens lowered their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th.

Fidelity National Information Services Stock Up 2.0 %

FIS stock opened at $72.33 on Tuesday. Fidelity National Information Services has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a market capitalization of $38.31 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The business’s 50 day moving average price is $75.15 and its two-hundred day moving average price is $81.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the business earned $0.94 EPS. As a group, analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed 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 2.21%. This is a boost 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 presently 61.30%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors increased its stake in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. State Street Corp grew its holdings in Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after purchasing an additional 211,787 shares during the period. Geode Capital Management LLC increased its position in Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after buying an additional 208,127 shares in the last quarter. Boston Partners raised its stake in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after buying an additional 446,544 shares during the period. Finally, Norges Bank purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $635,202,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.