Insider Buying: Fidelity National Information Services, Inc. (NYSE:FIS) Director Purchases 626 Shares of Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fidelity National Information Services Trading Up 1.2 %

NYSE:FIS opened at $90.96 on Friday. The business’s 50-day moving average is $83.14 and its two-hundred day moving average is $77.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $91.14. The firm has a market capitalization of $50.60 billion, a PE ratio of -8.89, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08.

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

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Analyst Ratings Changes

Several research firms have recently issued reports on FIS. Stephens raised their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday. Barclays raised their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Royal Bank of Canada raised their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. UBS Group raised their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, TD Cowen raised their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Ten 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.30.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of FIS. Vanguard Group Inc. increased its position in shares of Fidelity National Information Services by 19.1% during 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 acquiring an additional 11,023,109 shares during the last quarter. Boston Partners increased its position in shares of Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after acquiring an additional 3,868,683 shares during the last quarter. The Manufacturers Life Insurance Company increased its position 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 worth $293,560,000 after acquiring an additional 3,535,596 shares during the last quarter. Raymond James & Associates increased its position in shares of Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after acquiring an additional 3,357,329 shares during the last quarter. Finally, Mizuho Markets Americas LLC increased its position in shares of Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after acquiring an additional 2,011,848 shares during the last quarter. 96.23% of the stock is 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.