Fidelity National Information Services, Inc. (NYSE:FIS) Given Average Recommendation of "Hold" by Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) have been given a consensus rating of "Hold" by the twenty-two ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $88.89.

Several analysts have weighed in on FIS shares. Morgan Stanley lowered their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. UBS Group reduced their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th.

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Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $1.35 on Friday, reaching $70.01. 3,529,205 shares of the company were exchanged, compared to its average volume of 3,474,412. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a 50-day moving average of $72.07 and a 200-day moving average of $80.00. The firm has a market cap of $37.09 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

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 in the previous year, the firm earned $0.94 earnings per share. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's payout ratio is 61.30%.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $635,202,000. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $451,458,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fidelity National Information Services by 100.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after buying an additional 1,616,146 shares during the period. KBC Group NV raised its holdings in shares of Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after acquiring an additional 1,101,072 shares during the period. Finally, Capital Research Global Investors lifted its position in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after acquiring an additional 1,082,929 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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.