Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have earned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment 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 twelve-month target price among brokers that have issued a report on the stock in the last year is $88.89.

Several brokerages recently weighed in on FIS. Wells Fargo & Company cut their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. UBS Group cut their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, April 4th. Morgan Stanley lowered their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors have recently added to or reduced their stakes in FIS. Bradley Foster & Sargent Inc. CT increased its position in shares of Fidelity National Information Services by 4.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 128 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after buying an additional 129 shares in the last quarter. Old Port Advisors increased its holdings in Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 135 shares during the period. Modera Wealth Management LLC lifted its holdings in shares of Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock worth $242,000 after acquiring an additional 137 shares during the period. Finally, Center for Financial Planning Inc. lifted its holdings in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock worth $303,000 after acquiring an additional 138 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 4.2 %

NYSE FIS opened at $72.41 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 1-year low of $66.51 and a 1-year high of $91.98. The firm’s fifty day simple moving average is $72.29 and its 200-day simple moving average is $80.11. The company has a market capitalization of $38.35 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

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, 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 last year, the company posted $0.94 EPS. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

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.