Robert W. Baird Issues Positive Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS - Free Report) had its price objective hoisted by Robert W. Baird from $80.00 to $82.00 in a research note released on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the information technology services provider's stock.

Several other research firms have also issued reports on FIS. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research 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 objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $88.05.

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Fidelity National Information Services Trading Up 4.0 %

Shares of NYSE FIS traded up $2.74 during mid-day trading on Friday, hitting $70.88. The company's stock had a trading volume of 1,436,511 shares, compared to its average volume of 3,450,233. Fidelity National Information Services has a one year low of $66.51 and a one year high of $91.98. The company's fifty day simple moving average is $73.09 and its 200-day simple moving average is $80.41. 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 stock has a market cap of $37.54 billion, a price-to-earnings ratio of 27.28, 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 earnings per share (EPS) 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 in the previous year, the firm earned $0.94 EPS. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

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 acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $30,000. Morse Asset Management Inc acquired a new position in shares of Fidelity National Information Services during the 3rd quarter worth approximately $37,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $40,000. Grove Bank & Trust raised its position in shares of Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after buying an additional 399 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after buying an additional 509 shares during the period. 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.