Fidelity National Information Services, Inc. (NYSE:FIS) Director Acquires $60,801.76 in Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This trade represents a 7.60 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fidelity National Information Services Trading Up 8.7 %

NYSE FIS opened at $74.63 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $39.53 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The business’s 50-day moving average price is $71.39 and its two-hundred day moving average price is $79.70.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the business posted $0.94 earnings per share. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Institutional Investors Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently made changes to their positions in FIS. R Squared Ltd acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Kennebec Savings Bank lifted its position in shares of Fidelity National Information Services by 71.3% during the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 186 shares during the period. Morse Asset Management Inc bought a new position in Fidelity National Information Services during the third quarter worth $37,000. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services in the fourth quarter worth $40,000. Finally, Grove Bank & Trust increased its stake in Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 399 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of recent research reports. Compass Point cut their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. UBS Group lowered their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their target price on 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 dropped 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 research note on Wednesday, February 12th. Finally, Stephens reduced their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.89.

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.