Fidelity National Information Services (NYSE:FIS) Stock Rating Upgraded by TD Cowen

TD Cowen upgraded shares of Fidelity National Information Services (NYSE:FIS - Free Report) from a hold rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat reports. They currently have $92.00 price objective on the information technology services provider's stock.

FIS has been the topic of several other research reports. Stephens dropped their price target on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Barclays dropped their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. UBS Group lowered their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price objective for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Compass Point lowered their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.29.

Fidelity National Information Services Stock Performance

NYSE:FIS traded down $0.48 during mid-day trading on Monday, reaching $79.39. 4,097,959 shares of the stock were exchanged, compared to its average volume of 3,539,487. The stock has a market capitalization of $42.05 billion, a P/E ratio of 30.42, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a 50 day simple moving average of $72.27 and a 200-day simple moving average of $79.54. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the firm earned $0.94 EPS. Analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.02%. Fidelity National Information Services's dividend payout ratio is 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services in the third quarter worth $37,000. Anchor Investment Management LLC increased its holdings in Fidelity National Information Services by 1,240.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider's stock valued at $147,000 after purchasing an additional 1,625 shares in the last quarter. World Investment Advisors LLC raised its position in Fidelity National Information Services by 2,063.1% in the third quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider's stock valued at $5,944,000 after purchasing an additional 67,690 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Fidelity National Information Services during the third quarter worth about $976,000. Finally, Synovus Financial Corp boosted its position in shares of Fidelity National Information Services by 68.1% in the third quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider's stock worth $1,313,000 after buying an additional 6,349 shares during the period. 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.