Fidelity National Information Services, Inc. (NYSE:FIS) Announces Quarterly Dividend of $0.40

Fidelity National Information Services, Inc. (NYSE:FIS) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.40 per share by the information technology services provider on Tuesday, March 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36.

Fidelity National Information Services has decreased its dividend by an average of 2.6% annually over the last three years. Fidelity National Information Services has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Fidelity National Information Services to earn $5.73 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 25.1%.

Fidelity National Information Services Stock Performance

FIS stock opened at $81.44 on Friday. 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 business has a 50-day moving average price of $81.65 and a 200 day moving average price of $82.58. The company has a market capitalization of $43.84 billion, a P/E ratio of 32.44, a PEG ratio of 0.62 and a beta of 1.04. Fidelity National Information Services has a 1-year low of $60.39 and a 1-year high of $91.98.

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

Analyst Ratings Changes

Several analysts recently weighed in on FIS shares. TD Cowen lifted their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Stephens boosted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% 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.