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

Fidelity National Information Services, Inc. (NYSE:FIS) has been given an average rating of “Moderate Buy” by the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $92.00.

A number of brokerages have commented on FIS. Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Compass Point began coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays upped their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company began coverage on Fidelity National Information Services in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price objective for the company.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $81.44 on Monday. Fidelity National Information Services has a 52-week low of $60.39 and a 52-week high of $91.98. The firm has a market capitalization of $43.84 billion, a PE ratio of 32.44, a P/E/G ratio of 0.62 and a beta of 1.04. The firm has a 50-day moving average price of $81.75 and a 200 day moving average price of $82.54. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

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

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Transactions at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the company’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 owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC boosted its position in Fidelity National Information Services by 4.0% in the 4th quarter. Global Retirement Partners LLC now owns 12,105 shares of the information technology services provider’s stock valued at $978,000 after buying an additional 466 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Fidelity National Information Services by 14.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 7,928 shares of the information technology services provider’s stock worth $640,000 after buying an additional 1,022 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Fidelity National Information Services by 221.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,279 shares of the information technology services provider’s stock worth $103,000 after buying an additional 881 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Fidelity National Information Services by 8.7% in the fourth quarter. D.A. Davidson & CO. now owns 79,989 shares of the information technology services provider’s stock valued at $6,461,000 after buying an additional 6,404 shares during the period. Finally, Csenge Advisory Group grew its holdings in Fidelity National Information Services by 44.4% during the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after acquiring an additional 4,134 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

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.