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

Shares of Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-two ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $88.65.

FIS has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Stephens decreased their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley cut their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Finally, Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th.

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Fidelity National Information Services Price Performance

NYSE:FIS traded down $1.03 during trading hours on Tuesday, hitting $73.38. 2,651,998 shares of the company's stock traded hands, compared to its average volume of 3,378,971. Fidelity National Information Services has a 52 week low of $66.51 and a 52 week high of $91.98. The business's fifty day simple moving average is $74.83 and its two-hundred day simple moving average is $81.47. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market cap of $38.87 billion, a P/E ratio of 28.15, a P/E/G ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly 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 return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, research analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Fidelity National Information Services's dividend payout ratio is 61.30%.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bradley Foster & Sargent Inc. CT increased its stake in shares of Fidelity National Information Services by 4.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock valued at $480,000 after buying an additional 129 shares during the last quarter. Old Port Advisors boosted its holdings in Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock worth $232,000 after acquiring an additional 135 shares in the last quarter. Modera Wealth Management LLC grew its stake in shares of Fidelity National Information Services by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after acquiring an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. increased its holdings in shares of Fidelity National Information Services by 3.8% during the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after acquiring an additional 138 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other 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.