UBS Group Issues Positive Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS - Free Report) had its target price raised by UBS Group from $80.00 to $94.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a neutral rating on the information technology services provider's stock.

Several other equities analysts also recently weighed in on FIS. Mizuho raised their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. TD Cowen increased their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Finally, Bank of America boosted their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus target price of $88.75.

Fidelity National Information Services Stock Down 3.5 %

NYSE FIS traded down $3.13 during trading hours on Tuesday, reaching $86.57. 5,952,960 shares of the company's stock traded hands, compared to its average volume of 3,759,703. Fidelity National Information Services has a 52-week low of $49.91 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50-day simple moving average of $85.75 and a 200 day simple moving average of $79.17. The firm has a market cap of $47.23 billion, a PE ratio of 34.49, a PEG ratio of 0.79 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business's revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services will post 5.09 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's payout ratio is 57.37%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company's stock, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Large investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC raised its position in shares of Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after purchasing an additional 137 shares during the period. GSA Capital Partners LLP purchased a new stake in Fidelity National Information Services in the 3rd quarter worth $590,000. Harbour Investments Inc. lifted its position in shares of Fidelity National Information Services by 14.7% in the third quarter. Harbour Investments Inc. now owns 20,412 shares of the information technology services provider's stock valued at $1,710,000 after acquiring an additional 2,609 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Fidelity National Information Services by 14.9% in the third quarter. Apollon Wealth Management LLC now owns 5,832 shares of the information technology services provider's stock valued at $488,000 after acquiring an additional 758 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its position in shares of Fidelity National Information Services by 22.7% during the third quarter. Jaffetilchin Investment Partners LLC now owns 10,297 shares of the information technology services provider's stock worth $862,000 after purchasing an additional 1,906 shares in the last quarter. 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.