Fidelity National Information Services, Inc. (NYSE:FIS) Receives $88.65 Average Price Target from Brokerages

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) has received an average recommendation of "Hold" from the twenty-two analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eleven have assigned 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 $88.65.

A number of equities research analysts have weighed in on FIS shares. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Wells Fargo & Company reduced 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 report on Wednesday, February 12th. Stephens dropped their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Morgan Stanley cut their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Barclays dropped their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th.

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Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several large investors have recently added to or reduced their stakes in FIS. Capital Research Global Investors raised its position in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. State Street Corp raised its holdings in Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock valued at $2,070,491,000 after acquiring an additional 211,787 shares during the period. Geode Capital Management LLC lifted its position 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 valued at $1,052,819,000 after acquiring an additional 208,127 shares in the last quarter. Boston Partners grew its position in shares of Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after purchasing an additional 446,544 shares in the last quarter. Finally, Norges Bank bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $635,202,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 1.3 %

Shares of FIS stock traded up $0.96 during mid-day trading on Tuesday, reaching $74.31. The stock had a trading volume of 2,459,261 shares, compared to its average volume of 3,378,732. Fidelity National Information Services has a 52-week low of $66.51 and a 52-week high of $91.98. The firm has a market capitalization of $39.36 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock's 50-day moving average price is $74.76 and its two-hundred day moving average price is $81.39.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the business posted $0.94 earnings per share. Equities analysts expect that Fidelity National Information Services will post 5.74 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. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.15%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

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.