Fidelity National Information Services (NYSE:FIS) Price Target Cut to $85.00 by Analysts at Barclays

Fidelity National Information Services (NYSE:FIS - Free Report) had its target price cut by Barclays from $102.00 to $85.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the information technology services provider's stock.

FIS has been the subject of several other reports. Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their price objective for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Mizuho lifted their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. UBS Group decreased their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Finally, Morgan Stanley decreased their price objective 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, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Hold" and a consensus target price of $87.36.

Fidelity National Information Services Trading Up 0.1 %

Shares of FIS traded up $0.10 during trading hours on Tuesday, reaching $69.95. 5,688,695 shares of the company traded hands, compared to its average volume of 3,528,244. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.23 and a beta of 1.04. Fidelity National Information Services has a 12-month low of $62.63 and a 12-month high of $91.98. 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 fifty day moving average price is $78.69 and its 200 day moving average price is $82.54.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter last year, the company earned $0.94 earnings per share. Sell-side analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio is currently 55.17%.

Insider Activity at Fidelity National Information Services

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 shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently bought and sold shares of the stock. Bradley Foster & Sargent Inc. CT boosted its position in Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Fidelity National Information Services by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after purchasing an additional 129 shares in the last quarter. Graypoint LLC boosted its position in Fidelity National Information Services by 4.6% in the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after purchasing an additional 132 shares in the last quarter. Old Port Advisors lifted its position in shares of Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after buying an additional 135 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its position in shares of Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 96.23% 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.