Fidelity National Information Services, Inc. (NYSE:FIS) Receives $87.36 Consensus Target Price from Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been assigned an average recommendation of “Hold” from the twenty-four analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $87.36.

Several research firms have issued reports on FIS. Mizuho upped their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Stephens dropped 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 note on Wednesday, February 12th. Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley dropped their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $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 is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds have recently made changes to their positions in FIS. Norges Bank bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $635,202,000. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services in the fourth quarter worth $451,458,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock valued at $261,037,000 after purchasing an additional 1,616,146 shares during the period. KBC Group NV lifted its holdings in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares during the period. Finally, Capital Research Global Investors grew its holdings in Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after acquiring an additional 1,082,929 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 0.1 %

FIS stock opened at $69.32 on Friday. 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 company has a market cap of $36.72 billion, a P/E ratio of 26.56, a PEG ratio of 1.23 and a beta of 1.04. The business has a fifty day moving average of $78.14 and a 200-day moving average of $82.52. Fidelity National Information Services has a twelve month low of $62.63 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 last year, the firm earned $0.94 EPS. As a group, equities research analysts expect that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.31%. 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. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

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.