Fidelity National Information Services (NYSE:FIS) Coverage Initiated by Analysts at Compass Point

Compass Point initiated coverage on shares of Fidelity National Information Services (NYSE:FIS - Free Report) in a research note released on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $126.00 price objective on the information technology services provider's stock.

Other equities research analysts also recently issued research reports about the stock. TD Cowen increased their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. UBS Group lifted their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Mizuho boosted their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group upped their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $0.18 on Wednesday, reaching $85.90. 4,353,706 shares of the company traded hands, compared to its average volume of 3,760,752. The company has a 50 day moving average of $86.85 and a 200 day moving average of $80.43. The firm has a market capitalization of $46.24 billion, a PE ratio of 34.29, a PEG ratio of 0.74 and a beta of 1.06. Fidelity National Information Services has a 52 week low of $53.79 and a 52 week high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion for 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 company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. Equities analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.68%. Fidelity National Information Services's payout ratio is 57.37%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value 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. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Boston Partners increased 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 valued at $331,047,000 after acquiring an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock worth $293,560,000 after buying an additional 3,535,596 shares during the last quarter. Raymond James & Associates grew its holdings in Fidelity National Information Services by 449.8% during 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 last quarter. Jupiter Asset Management Ltd. bought a new position in Fidelity National Information Services during the 2nd quarter valued at about $83,562,000. Finally, The Manufacturers Life Insurance Company boosted its position in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock valued at $371,343,000 after buying an additional 538,514 shares during the period. Institutional investors own 96.23% of the company's stock.

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.