Fidelity National Information Services (NYSE:FIS) Hits New 52-Week High – Time to Buy?

Fidelity National Information Services, Inc. (NYSE:FIS) shares hit a new 52-week high on Monday . The stock traded as high as $87.92 and last traded at $87.89, with a volume of 1077544 shares. The stock had previously closed at $86.75.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday. UBS Group raised their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Bank of America raised their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, Barclays boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.05.

Fidelity National Information Services Stock Up 0.8 %

The company has a market capitalization of $49.95 billion, a P/E ratio of -8.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a 50-day moving average of $82.34 and a two-hundred day moving average of $77.27. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business earned $1.55 EPS. Fidelity National Information Services’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Services by 19.1% in the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after buying an additional 11,023,109 shares in the last quarter. Boston Partners increased its holdings in shares of Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Fidelity National Information Services by 982.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Mizuho Markets Americas LLC increased its holdings in Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after buying an additional 2,011,848 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Fidelity National Information Services during the 2nd quarter valued at about $83,562,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.