Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Rating of "Moderate Buy" by Brokerages

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-one research firms that are currently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $89.68.

A number of equities analysts have issued reports on the stock. TD Cowen raised their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Mizuho increased their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Morgan Stanley raised their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. 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. Finally, Susquehanna increased their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a report on Tuesday, November 5th.

Fidelity National Information Services Stock Up 1.4 %

FIS stock traded up $1.26 during midday trading on Wednesday, hitting $88.88. 3,495,150 shares of the company's stock were exchanged, compared to its average volume of 3,773,417. The stock has a market capitalization of $47.85 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average price of $86.29 and a 200-day moving average price of $79.76. Fidelity National Information Services has a 12-month low of $53.39 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 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 company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted $0.94 EPS. Fidelity National Information Services's quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were acquired 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 of the company's stock, valued at $917,535.25. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Fidelity National Information Services by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider's stock worth $5,093,093,000 after buying an additional 11,023,109 shares during the period. Boston Partners raised its position in shares of Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Fidelity National Information Services by 982.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock valued at $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Raymond James & Associates grew its position in shares of Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock valued at $343,693,000 after purchasing an additional 3,357,329 shares during the period. Finally, Mizuho Markets Americas LLC increased its stake in Fidelity National Information Services by 115.9% during the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider's stock worth $278,041,000 after purchasing an additional 2,011,848 shares in the last quarter. 96.23% of the stock is currently 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.