Morgan Stanley Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS - Free Report) had its price target trimmed by Morgan Stanley from $92.00 to $86.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the information technology services provider's stock.

FIS has been the subject of a number of other research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $104.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Mizuho raised their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Robert W. Baird raised their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Hold" and a consensus price target of $87.95.

Fidelity National Information Services Stock Down 2.4 %

Shares of FIS stock traded down $1.69 during trading on Wednesday, reaching $68.84. The company's stock had a trading volume of 6,281,734 shares, compared to its average volume of 2,091,095. The business has a fifty day moving average price of $80.20 and a 200-day moving average price of $82.73. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a one year low of $62.17 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter last year, the company earned $0.94 EPS. Analysts anticipate that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.32%. Fidelity National Information Services's payout ratio is 57.37%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently added to or reduced their stakes in FIS. 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 worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. State Street Corp lifted its position in shares of Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after purchasing an additional 211,787 shares during the period. Geode Capital Management LLC lifted its position in shares of Fidelity National Information Services by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after purchasing an additional 208,127 shares during the period. Boston Partners lifted its position in shares of Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after purchasing an additional 446,544 shares during the period. Finally, Norges Bank acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $635,202,000. 96.23% of the stock is currently 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.