Fidelity National Information Services, Inc. (NYSE:FIS) Receives $88.65 Consensus Target Price from Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have earned a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $88.65.

A number of analysts have recently commented on the company. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Compass Point lowered their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction 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 company insiders.

Institutional Trading of Fidelity National Information Services

Several hedge funds have recently made changes to their positions in FIS. Bradley Foster & Sargent Inc. CT grew its position in Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after acquiring an additional 128 shares during the period. Fifth Third Wealth Advisors LLC increased its position in shares of Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 129 shares during the last quarter. Old Port Advisors raised its holdings in Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 135 shares during the period. Modera Wealth Management LLC lifted its position in Fidelity National Information Services by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock valued at $242,000 after buying an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in Fidelity National Information Services by 3.8% during the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock worth $303,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $74.31 on Tuesday. Fidelity National Information Services has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market cap of $39.36 billion, a P/E ratio of 28.47, a P/E/G ratio of 1.23 and a beta of 1.10. The business’s 50 day moving average price is $74.67 and its 200 day moving average price is $81.33.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the company earned $0.94 EPS. On average, sell-side analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

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.