Fidelity National Information Services, Inc. (NYSE:FIS) Receives Consensus Recommendation of "Hold" from Analysts

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-four ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $87.36.

Several equities analysts have recently commented on the company. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their target price for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. BNP Paribas lowered Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday. Finally, Stephens decreased their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th.

Fidelity National Information Services Stock Up 0.1 %

Shares of NYSE:FIS traded up $0.10 during midday trading on Friday, hitting $69.95. 5,688,695 shares of the company's stock traded hands, compared to its average volume of 3,528,244. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services has a twelve month low of $62.63 and a twelve month high of $91.98. The company has a market cap of $37.05 billion, a PE ratio of 26.80, a P/E/G ratio of 1.23 and a beta of 1.04. The firm's fifty day moving average price is $78.98 and its two-hundred day moving average price is $82.56.

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 period last year, the firm posted $0.94 EPS. On average, equities research analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

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

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 company. Larson Financial Group LLC boosted its position in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services during the third quarter worth $28,000. R Squared Ltd bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth $30,000. Concord Wealth Partners increased its holdings in 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 purchasing an additional 146 shares during the period. Finally, Morse Asset Management Inc bought a new position in Fidelity National Information Services during the 3rd quarter worth $37,000. 96.23% of the stock is currently owned by institutional investors.

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.