Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Cut from Truist Financial

Fidelity National Information Services (NYSE:FIS) had its price target trimmed by Truist Financial from $37.00 to $31.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm currently has a hold rating on the information technology services provider’s stock.

Several other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, November 5th. Weiss Ratings cut Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 10th. Argus downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Friday, November 6th. Susquehanna dropped their price target on Fidelity National Information Services from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, November 5th. Finally, Stephens initiated coverage on Fidelity National Information Services in a report on Tuesday, August 11th. They set an “equal weight” rating and a $50.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and a consensus price target of $41.12.

Fidelity National Information Services Trading Up 4.2%

NYSE FIS traded up $1.20 during trading hours on Thursday, hitting $29.56. The company’s stock had a trading volume of 7,684,170 shares, compared to its average volume of 9,554,000. Fidelity National Information Services has a twelve month low of $27.93 and a twelve month high of $68.37. The firm has a market capitalization of $15.24 billion, a P/E ratio of 4.41, a PEG ratio of 0.40 and a beta of 0.84. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average of $34.98 and a 200 day moving average of $42.37.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.43 billion. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. The business’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. Equities research analysts forecast that Fidelity National Information Services will post 5.85 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 6.0%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 26.27%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 1,585 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were purchased at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the purchase, the director owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. The trade was a 9.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kourtney Gibson bought 1,800 shares of the business’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $29.00 per share, for a total transaction of $52,200.00. Following the purchase, the director directly owned 5,903 shares in the company, valued at approximately $171,187. This represents a 43.87% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.28% of the company’s stock.

Institutional Trading of Fidelity National Information Services

A number of institutional investors have recently made changes to their positions in the business. Pension & Wealth Management Advisors Inc. bought a new position in Fidelity National Information Services in the third quarter valued at $35,000. First Command Advisory Services Inc. lifted its position in Fidelity National Information Services by 362.9% during the 3rd quarter. First Command Advisory Services Inc. now owns 1,134 shares of the information technology services provider’s stock worth $37,000 after buying an additional 889 shares in the last quarter. Bank & Trust Co bought a new stake in Fidelity National Information Services during the 3rd quarter worth about $51,000. N.E.W. Advisory Services LLC bought a new stake in Fidelity National Information Services during the second quarter worth about $58,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in Fidelity National Information Services by 96.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 972 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.