Keefe, Bruyette & Woods Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $92.00

Fidelity National Information Services (NYSE:FIS) had its price target lowered by Keefe, Bruyette & Woods from $102.00 to $92.00 in a report published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the information technology services provider’s stock.

FIS has been the topic of a number of other research reports. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. Compass Point began coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price objective on the stock. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price for the company. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Finally, Mizuho upped their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.95.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $72.59 on Wednesday. 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 firm has a fifty day simple moving average of $81.08 and a 200-day simple moving average of $82.94. The stock has a market capitalization 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 has a 1-year low of $60.39 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 last year, the business posted $0.94 earnings per share. On average, sell-side analysts expect that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. Fidelity National Information Services’s payout ratio is 57.37%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its position in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new position in Fidelity National Information Services in the 3rd quarter worth approximately $28,000. R Squared Ltd acquired a new position in Fidelity National Information Services during the 4th quarter worth $30,000. Concord Wealth Partners boosted its position in Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $37,000. 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.