Fidelity National Information Services, Inc. (NYSE:FIS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $92.19.

Several research firms have commented on FIS. UBS Group increased their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group raised their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Royal Bank of Canada raised their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Susquehanna boosted their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th.

Fidelity National Information Services Stock Up 0.2 %

Shares of NYSE FIS opened at $79.34 on Thursday. The company has a market cap of $42.71 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 0.72 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 12 month low of $58.24 and a 12 month high of $91.98. The stock has a 50-day moving average price of $84.46 and a two-hundred day moving average price of $82.13.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company earned $0.94 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.81%. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds have recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC lifted its holdings in shares of Fidelity National Information Services by 567.1% in the fourth quarter. CWA Asset Management Group LLC now owns 28,860 shares of the information technology services provider’s stock valued at $2,331,000 after purchasing an additional 24,534 shares in the last quarter. Nordea Investment Management AB raised its position in Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after buying an additional 562,154 shares during the last quarter. Everence Capital Management Inc. lifted its stake in Fidelity National Information Services by 68.2% during the 4th quarter. Everence Capital Management Inc. now owns 12,380 shares of the information technology services provider’s stock valued at $1,000,000 after acquiring an additional 5,020 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Fidelity National Information Services by 11.5% during the 4th quarter. GAMMA Investing LLC now owns 13,232 shares of the information technology services provider’s stock worth $1,069,000 after acquiring an additional 1,364 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Fidelity National Information Services by 32.4% in the 4th quarter. Versant Capital Management Inc now owns 968 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 237 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

About Fidelity National Information Services

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.