Royal Bank of Canada Reiterates Outperform Rating for Fidelity National Information Services (NYSE:FIS)

Royal Bank of Canada reissued their outperform rating on shares of Fidelity National Information Services (NYSE:FIS - Free Report) in a research report released on Wednesday,Benzinga reports. The firm currently has a $104.00 price objective on the information technology services provider's stock.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley boosted their target price on Fidelity National Information Services from $87.00 to $92.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. BNP Paribas downgraded shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research report on Wednesday, November 20th. Finally, UBS Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. One investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.00.

Fidelity National Information Services Trading Down 0.4 %

Shares of Fidelity National Information Services stock traded down $0.34 during trading on Wednesday, hitting $78.58. 1,880,514 shares of the company were exchanged, compared to its average volume of 2,416,693. 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 firm has a market capitalization of $42.30 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. The firm's fifty day moving average price is $82.75 and its 200 day moving average price is $82.39. Fidelity National Information Services has a 1-year low of $59.90 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS 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 net margin of 14.37% and a return on equity of 15.35%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. As a group, sell-side analysts expect that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. Fidelity National Information Services's payout ratio is 57.37%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction that occurred on 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 acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, 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. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors have recently modified their holdings of FIS. Avanza Fonder AB bought a new position in Fidelity National Information Services during the 4th quarter worth $3,227,000. CENTRAL TRUST Co increased its position in shares of Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock worth $991,000 after purchasing an additional 10,452 shares during the period. Franklin Resources Inc. raised its stake in Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock valued at $117,571,000 after purchasing an additional 112,842 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Fidelity National Information Services by 51.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider's stock worth $6,344,000 after buying an additional 25,701 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Fidelity National Information Services in the 3rd quarter valued at about $590,000. 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.