Fidelity National Information Services, Inc. Declares Quarterly Dividend of $0.47 (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FISGet Rating) announced a quarterly dividend on Thursday, April 21st, RTT News reports. Investors of record on Friday, June 10th will be given a dividend of 0.47 per share by the information technology services provider on Friday, June 24th. This represents a $1.88 annualized dividend and a dividend yield of 1.83%.

Fidelity National Information Services has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Information Services to earn $8.31 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 22.6%.

Fidelity National Information Services stock traded down $1.89 on Thursday, reaching $103.00. 3,447,828 shares of the stock were exchanged, compared to its average volume of 4,083,067. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31. Fidelity National Information Services has a twelve month low of $85.00 and a twelve month high of $155.96. The firm has a fifty day moving average price of $97.81 and a two-hundred day moving average price of $108.04. The stock has a market cap of $62.91 billion, a PE ratio of 151.47, a PEG ratio of 1.03 and a beta of 0.74.

Fidelity National Information Services (NYSE:FISGet Rating) last announced its earnings results on Tuesday, February 15th. The information technology services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.03. Fidelity National Information Services had a return on equity of 8.50% and a net margin of 3.01%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the prior year, the company earned $1.62 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Information Services will post 7.3 EPS for the current fiscal year.

Several brokerages recently weighed in on FIS. Citigroup decreased their target price on Fidelity National Information Services from $160.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday, January 26th. Morgan Stanley reduced their price objective on Fidelity National Information Services from $134.00 to $113.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 16th. Exane BNP Paribas upgraded Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $138.00 price objective for the company in a research report on Monday, January 10th. Jefferies Financial Group reduced their price objective on Fidelity National Information Services from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Fidelity National Information Services from $155.00 to $116.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Buy” and an average price target of $137.73.

Hedge funds have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc increased its stake in shares of Fidelity National Information Services by 92.7% in the 4th quarter. NEXT Financial Group Inc now owns 1,143 shares of the information technology services provider’s stock valued at $125,000 after buying an additional 550 shares during the period. Zullo Investment Group Inc. acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $126,000. Salem Investment Counselors Inc. increased its stake in shares of Fidelity National Information Services by 68.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,260 shares of the information technology services provider’s stock valued at $138,000 after buying an additional 510 shares during the period. Tobam increased its stake in shares of Fidelity National Information Services by 162.8% in the 4th quarter. Tobam now owns 1,606 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 995 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $205,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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Dividend History for Fidelity National Information Services (NYSE:FIS)

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