Fidelity National Information Services (NYSE:FIS) Stock Price Up 7.6% – Should You Buy?

Fidelity National Information Services, Inc. (NYSE:FIS)’s share price shot up 7.6% on Thursday . The stock traded as high as $73.46 and last traded at $73.88. 1,349,607 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 3,476,889 shares. The stock had previously closed at $68.64.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research reports. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. UBS Group dropped their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Barclays reduced their target price on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report 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 company. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and an average target price of $88.89.

Fidelity National Information Services Stock Up 8.7 %

The stock has a fifty day moving average price of $71.52 and a 200-day moving average price of $79.85. The firm has a market cap of $39.51 billion, a PE ratio of 28.60, a PEG ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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 in the prior year, the company earned $0.94 earnings per share. Research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth $2,593,000. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services in the 4th quarter worth $451,458,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services in the 4th quarter valued at about $3,227,000. Princeton Global Asset Management LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter valued at about $2,313,000. Finally, Csenge Advisory Group increased its position in shares of Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after acquiring an additional 4,134 shares during 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.