Fidelity National Information Services’ (FIS) Outperform Rating Reaffirmed at William Blair

William Blair reissued their outperform rating on shares of Fidelity National Information Services (NYSE:FIS) in a research note released on Tuesday, RTT News reports.

Other equities analysts have also issued research reports about the company. Stephens reissued an overweight rating and set a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the company an overweight rating in a research note on Friday, February 23rd. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a neutral rating in a report on Tuesday. Morgan Stanley increased their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the company an overweight rating in a research note on Tuesday, February 27th. Finally, Evercore ISI raised their price objective on Fidelity National Information Services from $62.00 to $75.00 and gave the stock an in-line rating in a report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $74.63.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $74.31 on Tuesday. The firm has a fifty day moving average price of $70.79 and a 200 day moving average price of $62.91. The company has a market cap of $41.73 billion, a P/E ratio of -6.61, a PEG ratio of 0.88 and a beta of 0.98. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $75.71. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. Fidelity National Information Services’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share. Sell-side analysts predict that Fidelity National Information Services will post 4.71 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has authorized a stock repurchase plan on Monday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.94%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -12.81%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Fidelity National Information Services by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock worth $166,408,000 after purchasing an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $1,244,000. Korea Investment CORP raised its stake in Fidelity National Information Services by 5.5% during the third quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock worth $11,890,000 after acquiring an additional 11,181 shares during the period. Sapient Capital LLC bought a new position in Fidelity National Information Services in the fourth quarter worth about $1,076,000. Finally, Alpha Cubed Investments LLC boosted its stake in Fidelity National Information Services by 48.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 160,439 shares of the information technology services provider’s stock valued at $9,638,000 after acquiring an additional 52,223 shares during the period. 96.23% of the stock is owned by institutional investors.

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.