Fidelity National Information Services (NYSE:FIS) Stock Rating Lowered by Raymond James

Raymond James cut shares of Fidelity National Information Services (NYSE:FIS - Free Report) from a strong-buy rating to an outperform rating in a research note published on Monday, Marketbeat reports. Raymond James currently has $101.00 price objective on the information technology services provider's stock, down from their previous price objective of $115.00.

FIS has been the subject of several other research reports. UBS Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Barclays lifted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. TD Cowen increased their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a "market perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.19.

Fidelity National Information Services Trading Down 1.7 %

Shares of NYSE FIS traded down $1.40 during midday trading on Monday, hitting $78.86. The company's stock had a trading volume of 2,554,138 shares, compared to its average volume of 1,948,211. Fidelity National Information Services has a 12-month low of $58.24 and a 12-month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market cap of $42.45 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The business's 50 day moving average is $85.15 and its two-hundred day moving average is $82.11.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, equities research analysts expect that Fidelity National Information Services will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. Fidelity National Information Services's payout ratio is currently 57.37%.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on Friday, November 15th. The shares were 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company's stock, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake 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 valued at $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Raymond James & Associates raised its stake in shares of 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 worth $343,693,000 after buying an additional 3,357,329 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Fidelity National Information Services during the 2nd quarter valued at approximately $83,562,000. Nordea Investment Management AB grew its stake in Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock valued at $48,927,000 after acquiring an additional 562,154 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Fidelity National Information Services in the 2nd quarter worth $40,029,000. Hedge funds and other 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.