Fidelity National Information Services, Inc. (NYSE:FIS) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-two ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $91.75.

FIS has been the topic of a number of recent analyst reports. UBS Group lifted their target price on 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. Barclays upped their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. TD Cowen boosted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada increased their price objective on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now 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 company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors have recently modified their holdings of the business. CENTRAL TRUST Co increased its stake in 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 valued at $991,000 after purchasing an additional 10,452 shares during the last quarter. Franklin Resources Inc. increased its stake in Fidelity National Information Services by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock valued at $117,571,000 after buying an additional 112,842 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Fidelity National Information Services by 51.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider's stock valued at $6,344,000 after acquiring an additional 25,701 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at approximately $590,000. Finally, Chase Investment Counsel Corp increased its holdings in Fidelity National Information Services by 52.8% in the 3rd quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider's stock valued at $5,509,000 after buying an additional 22,742 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.8 %

NYSE FIS traded down $0.68 during trading hours on Thursday, hitting $80.09. The company's stock had a trading volume of 1,660,280 shares, compared to its average volume of 3,693,986. Fidelity National Information Services has a twelve month low of $58.24 and a twelve month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $43.12 billion, a P/E ratio of 31.91, a PEG ratio of 0.72 and a beta of 1.04. The stock has a fifty day moving average of $85.34 and a 200 day moving average of $82.01.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. Equities research analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.80%. Fidelity National Information Services's payout ratio is 57.37%.

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.