Fidelity National Information Services (NYSE:FIS) Price Target Cut to $95.00 by Analysts at Royal Bank of Canada

Fidelity National Information Services (NYSE:FIS) had its target price decreased by Royal Bank of Canada from $104.00 to $95.00 in a research report report published on Wednesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the information technology services provider’s stock.

Several other research analysts have also commented on the stock. Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday. Stephens decreased their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and a consensus target price of $87.95.

Fidelity National Information Services Trading Down 2.4 %

FIS stock opened at $68.84 on Wednesday. The firm has a fifty day moving average price of $80.53 and a 200 day moving average price of $82.78. Fidelity National Information Services has a fifty-two week low of $62.17 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $37.06 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter last year, the business earned $0.94 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.32%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth $28,000. R Squared Ltd purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $30,000. Groupama Asset Managment boosted its holdings in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 319 shares during the period. Finally, Concord Wealth Partners boosted its holdings in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares during the period. 96.23% of the stock is 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.