Fidelity National Information Services (NYSE:FIS) Shares Up 7.6% - What's Next?

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report)'s stock price rose 7.6% during mid-day trading on Thursday . The company traded as high as $73.46 and last traded at $73.88. Approximately 1,349,607 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 3,476,889 shares. The stock had previously closed at $68.64.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FIS. Barclays cut their price target 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. Royal Bank of Canada reduced their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, Morgan Stanley lowered their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $88.89.

Fidelity National Information Services Stock Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $71.52 and a 200-day moving average price of $79.85. The firm has a market cap of $39.51 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 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 in the prior year, the company posted $0.94 earnings per share. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.14%. Fidelity National Information Services's payout ratio is presently 61.30%.

Institutional Trading of Fidelity National Information Services

A number of institutional investors have recently modified their holdings of FIS. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $30,000. Kennebec Savings Bank boosted its holdings in Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after buying an additional 186 shares in the last quarter. Morse Asset Management Inc acquired a new position in Fidelity National Information Services during the third quarter worth about $37,000. OFI Invest Asset Management purchased a new position in Fidelity National Information Services in the fourth quarter valued at about $40,000. Finally, Grove Bank & Trust lifted its position in shares of Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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