Jeffrey A. Goldstein Purchases 775 Shares of Fidelity National Information Services, Inc. (NYSE:FIS) Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein purchased 775 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Fidelity National Information Services Trading Down 0.5 %

NYSE FIS opened at $70.00 on Friday. The stock has a 50-day simple moving average of $69.04 and a 200 day simple moving average of $61.18. The company has a market capitalization of $40.35 billion, a PE ratio of -6.23, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 EPS. Research analysts forecast that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services declared that its board has initiated a share repurchase plan on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.06%. Fidelity National Information Services’s payout ratio is -12.81%.

Analysts Set New Price Targets

FIS has been the subject of a number of recent analyst reports. Evercore ISI raised their price target on Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Bank of America raised their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada raised their price target on Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Morgan Stanley raised their price target on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group assumed coverage on Fidelity National Information Services in a research note on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its stake in Fidelity National Information Services by 491.5% in the first quarter. Acadian Asset Management LLC now owns 3,904 shares of the information technology services provider’s stock valued at $391,000 after buying an additional 3,244 shares during the period. Synovus Financial Corp raised its stake in Fidelity National Information Services by 71.6% in the first quarter. Synovus Financial Corp now owns 9,791 shares of the information technology services provider’s stock valued at $982,000 after buying an additional 4,085 shares during the period. Prudential PLC bought a new stake in Fidelity National Information Services in the first quarter valued at approximately $1,173,000. Baird Financial Group Inc. raised its stake in Fidelity National Information Services by 8.2% in the first quarter. Baird Financial Group Inc. now owns 194,714 shares of the information technology services provider’s stock valued at $19,553,000 after buying an additional 14,819 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Fidelity National Information Services by 83.3% in the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 130 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

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.