Fidelity National Information Services (NYSE:FIS) Sets New 52-Week Low – What’s Next?

Fidelity National Information Services, Inc. (NYSE:FIS) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $66.51 and last traded at $66.62, with a volume of 456768 shares. The stock had previously closed at $68.12.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FIS shares. Morgan Stanley dropped their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Stephens reduced their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Finally, 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 for the company 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Trading Up 2.4 %

The company has a fifty day moving average of $75.47 and a two-hundred day moving average of $81.76. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $36.95 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate 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 posted $0.94 earnings per share. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Apollon Wealth Management LLC grew its position in Fidelity National Information Services by 14.9% during the third quarter. Apollon Wealth Management LLC now owns 5,832 shares of the information technology services provider’s stock worth $488,000 after buying an additional 758 shares during the period. Harbour Investments Inc. grew its holdings in shares of Fidelity National Information Services by 14.7% in the 3rd quarter. Harbour Investments Inc. now owns 20,412 shares of the information technology services provider’s stock worth $1,710,000 after acquiring an additional 2,609 shares during the period. GSA Capital Partners LLP purchased a new position in Fidelity National Information Services in the 3rd quarter valued at approximately $590,000. Aptus Capital Advisors LLC raised its holdings in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after purchasing an additional 137 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Fidelity National Information Services by 6.2% during the third quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider’s stock worth $17,060,000 after purchasing an additional 11,933 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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.