Fidelity National Information Services (NYSE:FIS) Downgraded to Underperform Rating by BNP Paribas

BNP Paribas downgraded shares of Fidelity National Information Services (NYSE:FIS - Free Report) from a neutral rating to an underperform rating in a research report released on Wednesday morning, Marketbeat reports.

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada boosted their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Bank of America increased their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Keefe, Bruyette & Woods increased their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. 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 report on Tuesday, November 5th. Finally, Barclays increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.18 during midday trading on Wednesday, hitting $85.90. The company's stock had a trading volume of 4,353,706 shares, compared to its average volume of 3,760,752. The business's 50 day simple moving average is $86.85 and its 200 day simple moving average is $80.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $46.24 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Fidelity National Information Services has a 12-month low of $53.79 and a 12-month high of $91.98.

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

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. Cadence Bank raised its position in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider's stock valued at $530,000 after purchasing an additional 132 shares during the period. Graypoint LLC grew its stake in shares of Fidelity National Information Services by 4.6% in the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after buying an additional 132 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after buying an additional 135 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after buying an additional 137 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Fidelity National Information Services by 4.6% in the 3rd quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider's stock worth $281,000 after buying an additional 141 shares in the last quarter. 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.