Fidelity National Information Services, Inc. (NYSE:FIS) Receives $91.50 Average Price Target from Analysts

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-two research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $91.50.

FIS has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Mizuho raised their target price 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. TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" 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, Oppenheimer began coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 626 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their position. The transaction 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 Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company's stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently bought and sold shares of FIS. Graypoint LLC increased its stake in shares of Fidelity National Information Services by 4.6% during the third 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 during the period. Atomi Financial Group Inc. increased its position in Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after buying an additional 135 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after buying an additional 137 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Fidelity National Information Services by 4.6% in the third quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider's stock valued at $281,000 after acquiring an additional 141 shares during the period. Finally, Concord Wealth Partners grew its stake in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.2 %

Fidelity National Information Services stock traded down $0.15 during midday trading on Friday, hitting $85.34. 4,354,322 shares of the stock were exchanged, compared to its average volume of 3,312,254. Fidelity National Information Services has a 52 week low of $57.13 and a 52 week 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 stock has a market capitalization of $45.94 billion, a PE ratio of 34.00, a P/E/G ratio of 0.72 and a beta of 1.03. The company has a fifty day simple moving average of $87.21 and a two-hundred day simple moving average of $81.26.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (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 analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. Equities research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.69%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 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.