Fidelity National Information Services, Inc. (NYSE:FIS) Receives Average Rating of “Moderate Buy” from Brokerages

Fidelity National Information Services, Inc. (NYSE:FIS) has been assigned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $80.45.

A number of equities analysts have weighed in on the stock. Morgan Stanley downgraded shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Mizuho upped their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday. Susquehanna lifted their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday. Finally, Evercore ISI increased their target price on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research note on Tuesday, May 7th.

Fidelity National Information Services Stock Performance

FIS stock opened at $77.59 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $75.82 and its 200 day simple moving average is $71.80. Fidelity National Information Services has a 12-month low of $46.91 and a 12-month high of $78.73. The firm has a market cap of $43.16 billion, a P/E ratio of -7.58, a P/E/G ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. As a group, equities research analysts predict that Fidelity National Information Services will post 4.94 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued 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 is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several large investors have recently made changes to their positions in FIS. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services in the 1st quarter worth $29,000. Family Firm Inc. bought a new position in Fidelity National Information Services in the 2nd quarter worth approximately $35,000. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services during the fourth quarter valued at $29,000. Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services in the first quarter worth about $37,000. Finally, Delta Asset Management LLC TN lifted its position in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after buying an additional 450 shares in the last quarter. 96.23% of the stock is currently 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.