Stephens Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $90.00

Fidelity National Information Services (NYSE:FIS) had its target price cut by Stephens from $100.00 to $90.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

A number of other brokerages also recently commented on FIS. Mizuho boosted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $103.00 to $81.00 in a research report on Wednesday. UBS Group boosted their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reissued an “outperform” rating and set a $104.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, January 22nd. Finally, Robert W. Baird boosted their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.95.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $68.84 on Wednesday. The firm has a market cap of $37.06 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The firm’s 50-day simple moving average is $80.53 and its 200-day simple moving average is $82.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services has a 1 year low of $62.17 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same period last year, the company posted $0.94 earnings per share. Equities analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.32%. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC raised its position in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new position in Fidelity National Information Services in the third quarter valued at approximately $28,000. R Squared Ltd bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Concord Wealth Partners grew its stake in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after buying an additional 146 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services during the third quarter worth $37,000. 96.23% of the stock is currently 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.