Brokerages Set Fidelity National Information Services, Inc. (NYSE:FIS) Target Price at $79.53

Fidelity National Information Services, Inc. (NYSE:FIS) has been given a consensus rating of “Hold” by the twenty-two research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $79.5263.

Several equities research analysts recently commented on FIS shares. Compass Point decreased their price objective on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. BNP Paribas Exane lowered their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Finally, Truist Financial reduced their price objective on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 941 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the purchase, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. This trade represents a 6.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FIS. Sivia Capital Partners LLC purchased a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $231,000. Lido Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 14.0% in the 4th quarter. Lido Advisors LLC now owns 10,402 shares of the information technology services provider’s stock valued at $688,000 after purchasing an additional 1,278 shares during the last quarter. WCG Wealth Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $669,000. CIBC Asset Management Inc increased its holdings in shares of Fidelity National Information Services by 32.9% during the 4th quarter. CIBC Asset Management Inc now owns 169,469 shares of the information technology services provider’s stock worth $11,263,000 after buying an additional 41,974 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in shares of Fidelity National Information Services by 55.1% in the 4th quarter. Natixis Advisors LLC now owns 993,215 shares of the information technology services provider’s stock worth $66,009,000 after buying an additional 352,690 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $50.58 on Friday. Fidelity National Information Services has a 52 week low of $50.07 and a 52 week high of $82.74. The company has a 50-day moving average price of $62.74 and a 200 day moving average price of $66.05. The company has a market cap of $26.19 billion, a P/E ratio of 187.33, a PEG ratio of 0.75 and a beta of 0.90. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.