Fidelity National Information Services (NYSE:FIS) Now Covered by Oppenheimer

Oppenheimer started coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage issued a market perform rating on the information technology services provider’s stock.

FIS has been the topic of several other research reports. Susquehanna raised their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a positive rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a hold rating in a report on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an overweight rating to an equal weight rating and set a $79.00 price objective on the stock. in a report on Monday, July 22nd. Bank of America upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a buy rating in a report on Tuesday, September 17th. Finally, Barclays raised their price target on Fidelity National Information Services from $88.00 to $90.00 and gave the company an overweight rating in a research note on Thursday, August 8th. Eleven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $81.25.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $84.63 on Tuesday. The company has a market capitalization of $47.08 billion, a P/E ratio of -8.27, a P/E/G ratio of 0.83 and a beta of 1.08. The business’s 50-day moving average is $80.76 and its 200 day moving average is $76.49. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $85.63.

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

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.70%. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the company’s stock in a transaction on Monday, July 15th. The shares were bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its position in Fidelity National Information Services by 3.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 32,612 shares of the information technology services provider’s stock worth $1,959,000 after purchasing an additional 1,123 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $208,000. Brown Brothers Harriman & Co. boosted its holdings in Fidelity National Information Services by 14.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after purchasing an additional 166 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Fidelity National Information Services by 0.6% in the 4th quarter. California State Teachers Retirement System now owns 944,718 shares of the information technology services provider’s stock worth $56,749,000 after buying an additional 5,327 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Fidelity National Information Services by 218.5% during the 4th quarter. KBC Group NV now owns 298,562 shares of the information technology services provider’s stock valued at $17,935,000 after purchasing an additional 204,832 shares during the last quarter. 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.