Brokerages Set Fidelity National Information Services, Inc. (NYSE:FIS) Price Target at $79.32

Fidelity National Information Services, Inc. (NYSE:FIS) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $79.32.

A number of brokerages have recently issued reports on FIS. Barclays boosted their price target on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Bank of America boosted their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Finally, BNP Paribas lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Thursday, April 11th.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction on Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently made changes to their positions in FIS. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at $29,000. Rise Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 1st quarter valued at $29,000. Delta Asset Management LLC TN raised its stake in shares of Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the period. BKM Wealth Management LLC purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at $35,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $77.26 on Thursday. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $78.73. The stock has a market cap of $42.98 billion, a PE ratio of -7.55, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a fifty day moving average price of $76.08 and a 200 day moving average price of $70.15.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Information Services will post 4.97 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

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.