Fidelity National Information Services, Inc. (NYSE:FIS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been assigned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $89.68.

A number of analysts recently weighed in on FIS shares. UBS Group lifted their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Mizuho raised their price objective on shares of 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. Royal Bank of Canada upped their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Bank of America boosted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently added to or reduced their stakes in FIS. Linden Thomas Advisory Services LLC acquired a new position in shares of Fidelity National Information Services in the second quarter worth about $1,253,000. CENTRAL TRUST Co boosted its stake in shares of Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after buying an additional 10,452 shares during the last quarter. SG Americas Securities LLC boosted its stake in Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after acquiring an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after purchasing an additional 11,655 shares during the last quarter. Finally, Mizuho Markets Americas LLC raised its stake in shares of Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after purchasing an additional 2,011,848 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $87.82 on Wednesday. The stock has a fifty day moving average price of $86.67 and a 200 day moving average price of $80.18. Fidelity National Information Services has a 1-year low of $53.76 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $47.28 billion, a PE ratio of 34.99, a P/E/G ratio of 0.74 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts forecast that Fidelity National Information Services will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.64%. Fidelity National Information Services’s payout ratio is 57.37%.

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.