Fidelity National Information Services, Inc. (NYSE:FIS) Receives $89.75 Consensus PT from Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $91.11.

Several brokerages have recently commented on FIS. Robert W. Baird increased their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, April 4th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. UBS Group increased their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. TD Cowen raised Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Monday, April 21st. Finally, Wells Fargo & Company lowered their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction on 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 completion of the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of large investors have recently made changes to their positions in the stock. Capital Research Global Investors boosted its holdings in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after acquiring an additional 1,082,929 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after acquiring an additional 208,127 shares during the period. Boston Partners boosted its holdings in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after acquiring an additional 446,544 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Fidelity National Information Services by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock worth $800,032,000 after acquiring an additional 419,199 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelity National Information Services by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock worth $755,928,000 after acquiring an additional 31,626 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Up 0.6%

FIS stock opened at $78.36 on Wednesday. The stock’s 50 day simple moving average is $73.85 and its 200 day simple moving average is $78.63. Fidelity National Information Services has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $41.20 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business earned $1.33 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 105.96%.

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.