UBS Group Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its price target reduced by UBS Group from $94.00 to $81.00 in a report issued on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the information technology services provider’s stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.95.

Fidelity National Information Services Price Performance

FIS stock opened at $72.59 on Wednesday. The firm has a 50 day moving average of $81.08 and a 200-day moving average of $82.94. Fidelity National Information Services has a 12-month low of $60.39 and a 12-month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market cap of $39.08 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter in the prior year, the business posted $0.94 earnings per share. As a group, equities analysts expect that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. Resona Asset Management Co. Ltd. acquired a new stake in Fidelity National Information Services in the fourth quarter valued at $13,295,000. Prudential PLC raised its stake in shares of Fidelity National Information Services by 120.9% in the 4th quarter. Prudential PLC now owns 119,282 shares of the information technology services provider’s stock valued at $9,634,000 after purchasing an additional 65,295 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter worth about $381,000. World Investment Advisors grew its stake in Fidelity National Information Services by 2.9% in the fourth quarter. World Investment Advisors now owns 72,995 shares of the information technology services provider’s stock worth $5,896,000 after purchasing an additional 2,024 shares in the last quarter. Finally, Westpac Banking Corp increased its holdings in Fidelity National Information Services by 66.2% in the fourth quarter. Westpac Banking Corp now owns 60,437 shares of the information technology services provider’s stock valued at $4,881,000 after buying an additional 24,065 shares during the last quarter. 96.23% of the stock is currently 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.