Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Rating of “Moderate Buy” by Analysts

Fidelity National Information Services, Inc. (NYSE:FISGet Rating) has been given an average rating of “Moderate Buy” by the thirty analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $129.74.

A number of equities analysts recently weighed in on FIS shares. Citigroup decreased their price target on Fidelity National Information Services to $128.00 in a research report on Tuesday, August 9th. Morgan Stanley decreased their price target on Fidelity National Information Services from $102.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, June 30th. Oppenheimer decreased their price target on Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating for the company in a research report on Monday, July 25th. Susquehanna Bancshares decreased their price target on Fidelity National Information Services from $176.00 to $160.00 and set a “positive” rating for the company in a research report on Tuesday, August 9th. Finally, Evercore ISI upgraded Fidelity National Information Services from an “in-line” rating to an “outperform” rating and increased their price target for the company from $115.00 to $135.00 in a research report on Monday, June 13th.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $89.97 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $54.70 billion, a P/E ratio of 65.20, a PEG ratio of 0.90 and a beta of 0.76. The stock has a fifty day moving average price of $97.02 and a two-hundred day moving average price of $97.80. Fidelity National Information Services has a 1 year low of $85.00 and a 1 year high of $130.55.

Fidelity National Information Services (NYSE:FISGet Rating) last released its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.01. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.67 billion. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. Fidelity National Information Services’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 earnings per share. Research analysts forecast that Fidelity National Information Services will post 7.07 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s payout ratio is 136.23%.

Insider Activity at Fidelity National Information Services

In related news, Director Keith W. Hughes sold 5,337 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.28, for a total value of $535,194.36. Following the transaction, the director now directly owns 24,194 shares of the company’s stock, valued at approximately $2,426,174.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fidelity National Information Services news, EVP Lenore D. Williams sold 2,500 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the executive vice president now directly owns 21,334 shares of the company’s stock, valued at approximately $2,133,400. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Keith W. Hughes sold 5,337 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.28, for a total value of $535,194.36. Following the completion of the transaction, the director now directly owns 24,194 shares in the company, valued at $2,426,174.32. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Great Lakes Advisors LLC boosted its position in shares of Fidelity National Information Services by 4.2% in the fourth quarter. Great Lakes Advisors LLC now owns 2,184 shares of the information technology services provider’s stock valued at $238,000 after acquiring an additional 88 shares during the period. AllSquare Wealth Management LLC boosted its holdings in Fidelity National Information Services by 26.9% in the 1st quarter. AllSquare Wealth Management LLC now owns 462 shares of the information technology services provider’s stock valued at $46,000 after purchasing an additional 98 shares during the period. Ameritas Advisory Services LLC grew its position in shares of Fidelity National Information Services by 1.4% during the 1st quarter. Ameritas Advisory Services LLC now owns 7,154 shares of the information technology services provider’s stock worth $718,000 after purchasing an additional 100 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Fidelity National Information Services by 1.4% during the first quarter. Benjamin Edwards Inc. now owns 7,501 shares of the information technology services provider’s stock worth $753,000 after purchasing an additional 101 shares during the period. Finally, Carolinas Wealth Consulting LLC raised its position in shares of Fidelity National Information Services by 15.5% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 758 shares of the information technology services provider’s stock valued at $83,000 after buying an additional 102 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

About Fidelity National Information Services

(Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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Analyst Recommendations for Fidelity National Information Services (NYSE:FIS)

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