Fidelity National Information Services, Inc. (NYSE:FIS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $89.75.

A number of research firms recently issued reports on FIS. Stephens dropped their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report 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. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Robert W. Baird boosted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, April 4th.

Fidelity National Information Services Stock Down 3.0 %

FIS opened at $75.98 on Wednesday. The stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. Fidelity National Information Services has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $73.48 and a two-hundred day moving average of $78.97.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $1.33 earnings per share. Fidelity National Information Services’s revenue was up 2.6% on a year-over-year basis. On average, research analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. Fidelity National Information Services’s payout ratio is 61.30%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares of the company’s stock, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Fidelity National Information Services in the 4th quarter worth approximately $635,202,000. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $451,458,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock worth $261,037,000 after buying an additional 1,616,146 shares during the period. KBC Group NV boosted its holdings in shares of Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares during the period. Finally, Capital Research Global Investors raised its holdings in 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 acquiring an additional 1,082,929 shares during the period. 96.23% of the stock is currently owned by 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.