Fidelity National Information Services (NYSE:FIS) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Fidelity National Information Services (NYSE:FIS - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $88.00 price objective on the information technology services provider's stock.

FIS has been the subject of several other research reports. BNP Paribas cut Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. Stephens lifted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Morgan Stanley raised their price objective on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Robert W. Baird boosted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Finally, TD Cowen raised their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $92.00.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $0.15 during trading hours on Tuesday, hitting $78.48. The stock had a trading volume of 2,049,738 shares, compared to its average volume of 2,497,592. The stock's 50 day moving average is $83.63 and its 200 day moving average is $82.27. The firm has a market capitalization of $42.25 billion, a PE ratio of 31.27, a PEG ratio of 0.72 and a beta of 1.04. Fidelity National Information Services has a twelve month low of $58.24 and a twelve month 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 posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business posted $0.94 earnings per share. Fidelity National Information Services's quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock valued at $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new position in Fidelity National Information Services during the 3rd quarter valued at $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in Fidelity National Information Services during the 2nd quarter worth $30,000. Groupama Asset Managment increased its position in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 319 shares during the last quarter. Finally, Concord Wealth Partners raised its stake in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

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.