Fidelity National Information Services, Inc. (NYSE:FIS) Receives Average Rating of “Moderate Buy” from Analysts

Fidelity National Information Services, Inc. (NYSE:FIS) has been given an average recommendation of “Moderate Buy” by the twenty-two analysts that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $80.45.

FIS has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday. Robert W. Baird upped their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Finally, UBS Group lifted their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several institutional investors have recently made changes to their positions in the stock. EdgeRock Capital LLC bought a new position in Fidelity National Information Services in the fourth quarter worth about $29,000. Rise Advisors LLC acquired a new position in Fidelity National Information Services in the 1st quarter valued at $29,000. Delta Asset Management LLC TN boosted its position in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the period. Family Firm Inc. acquired a new stake in Fidelity National Information Services during the second quarter worth $35,000. Finally, Palisade Asset Management LLC bought a new position in Fidelity National Information Services during the 1st quarter valued at about $37,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $77.59 on Monday. The company’s 50-day moving average price is $75.82 and its two-hundred day moving average price is $71.80. The stock has a market cap of $43.16 billion, a PE ratio of -7.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $78.73.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Information Services will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.86%. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

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.