Fidelity National Information Services (NYSE:FIS) Cut to “Underperform” at BNP Paribas

BNP Paribas downgraded shares of Fidelity National Information Services (NYSE:FIS) from a neutral rating to an underperform rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Several other research firms have also weighed in on FIS. Oppenheimer started coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Jefferies Financial Group lifted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley lifted their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Stock Up 0.7 %

FIS opened at $86.08 on Wednesday. Fidelity National Information Services has a 12 month low of $54.65 and a 12 month high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $46.34 billion, a P/E ratio of 34.29, a P/E/G ratio of 0.73 and a beta of 1.06. The stock’s 50 day moving average price is $86.96 and its 200 day moving average price is $80.60.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, research analysts predict that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Buying and Selling

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. Anchor Investment Management LLC raised its position in shares of Fidelity National Information Services by 1,240.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider’s stock valued at $147,000 after acquiring an additional 1,625 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $59,000. Coldstream Capital Management Inc. increased its position in shares of Fidelity National Information Services by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,693 shares of the information technology services provider’s stock valued at $898,000 after buying an additional 499 shares in the last quarter. RB Capital Management LLC bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $368,000. Finally, Continuum Advisory LLC increased its position in shares of Fidelity National Information Services by 4.6% in the 3rd quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider’s stock valued at $281,000 after buying an additional 141 shares in the last quarter. 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.