Fidelity National Information Services (NYSE:FIS) Coverage Initiated at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note published on Tuesday morning, Marketbeat reports. The firm issued an equal weight rating and a $88.00 target price on the information technology services provider’s stock.

A number of other research analysts have also commented on the company. Oppenheimer began coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. UBS Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Trading Down 0.2 %

Fidelity National Information Services stock opened at $78.48 on Tuesday. The company’s fifty day simple moving average is $83.63 and its 200-day simple moving average is $82.27. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 12 month low of $58.24 and a 12 month high of $91.98. The stock has a market cap of $42.25 billion, a P/E ratio of 31.27, a P/E/G ratio of 0.72 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. As a group, sell-side analysts forecast that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services 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 completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Fidelity National Information Services by 982.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after acquiring an additional 3,535,596 shares during the last quarter. Raymond James & Associates grew its stake in shares of Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after purchasing an additional 3,357,329 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Fidelity National Information Services by 1,304.8% in the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after purchasing an additional 562,154 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Fidelity National Information Services in the 2nd quarter worth approximately $40,029,000. Finally, Fernbridge Capital Management LP lifted its holdings in Fidelity National Information Services by 67.2% during the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider’s stock worth $86,900,000 after buying an additional 463,613 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.