Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $80.65.

FIS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Susquehanna upped their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. TD Cowen upped their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th.

Insider Activity

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

Institutional Trading of Fidelity National Information Services

Several large investors have recently added to or reduced their stakes in FIS. Rise Advisors LLC bought a new position in Fidelity National Information Services in the first quarter worth approximately $29,000. Family Firm Inc. purchased a new position in Fidelity National Information Services during the second quarter valued at $35,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $29,000. Palisade Asset Management LLC purchased a new stake in Fidelity National Information Services in the first quarter worth about $37,000. Finally, Delta Asset Management LLC TN raised its stake 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 during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Up 0.1 %

Shares of NYSE FIS opened at $82.46 on Friday. The firm has a fifty day simple moving average of $77.28 and a two-hundred day simple moving average of $74.15. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $83.29. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $45.87 billion, a PE ratio of -8.06, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. Equities analysts expect that Fidelity National Information Services will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -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.