Fidelity National Information Services (NYSE:FIS) Given New $95.00 Price Target at Royal Bank of Canada

Fidelity National Information Services (NYSE:FIS) had its price objective decreased by Royal Bank of Canada from $104.00 to $95.00 in a research note published on Wednesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the information technology services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley reduced their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday. TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and an average target price of $87.95.

Fidelity National Information Services Stock Down 0.8 %

Shares of NYSE:FIS opened at $72.59 on Wednesday. The firm has a market capitalization of $39.08 billion, a P/E ratio of 28.92, a P/E/G ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50 day moving average price of $81.08 and a 200-day moving average price of $82.94. Fidelity National Information Services has a 52-week low of $60.39 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period in the prior year, the business earned $0.94 earnings per share. As a group, equities research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents 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.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC boosted its stake in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the third quarter worth $28,000. R Squared Ltd bought a new stake in Fidelity National Information Services in the 4th quarter valued at $30,000. Groupama Asset Managment lifted its stake in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares in the last quarter. Finally, Concord Wealth Partners grew its holdings in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.