Fidelity National Information Services (NYSE:FIS) Trading 3.7% Higher - Still a Buy?

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report)'s stock price shot up 3.7% on Thursday . The company traded as high as $70.87 and last traded at $70.62. 718,487 shares were traded during trading, a decline of 79% from the average session volume of 3,503,903 shares. The stock had previously closed at $68.12.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIS. BNP Paribas cut shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. Stephens reduced their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Compass Point reduced their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Finally, Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $115.00 to $101.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $88.65.

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Fidelity National Information Services Trading Up 1.7 %

The business's 50-day moving average price is $75.28 and its two-hundred day moving average price is $81.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $37.57 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 period last year, the firm earned $0.94 earnings per share. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's payout ratio is presently 61.30%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIS. Apollon Wealth Management LLC boosted its stake 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 purchasing an additional 758 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Fidelity National Information Services in the third quarter valued at $590,000. Aptus Capital Advisors LLC boosted its stake in shares of Fidelity National Information Services by 3.9% in the third 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. Victory Capital Management Inc. boosted its stake in shares of Fidelity National Information Services by 6.2% in the third quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider's stock valued at $17,060,000 after purchasing an additional 11,933 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Fidelity National Information Services by 8.4% in the third quarter. Huntington National Bank now owns 3,059 shares of the information technology services provider's stock valued at $256,000 after purchasing an additional 236 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.