Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Recommendation of “Buy” by Analysts

Fidelity National Information Services, Inc. (NYSE:FISGet Rating) has been given a consensus recommendation of “Buy” by the twenty-six ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $136.96.

Several research analysts have commented on FIS shares. Mizuho lowered their target price on Fidelity National Information Services from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Jefferies Financial Group lowered 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 note on Wednesday, February 16th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 15th. Rosenblatt Securities lowered their price objective on Fidelity National Information Services from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, February 16th. Finally, Credit Suisse Group lowered their price objective on Fidelity National Information Services from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, February 16th.

Several institutional investors have recently made changes to their positions in FIS. Norges Bank purchased a new stake in Fidelity National Information Services in the 4th quarter worth about $562,481,000. Steadfast Capital Management LP increased its holdings in Fidelity National Information Services by 11,686.3% in the 1st quarter. Steadfast Capital Management LP now owns 4,055,900 shares of the information technology services provider’s stock worth $407,293,000 after acquiring an additional 4,021,488 shares during the last quarter. Capital International Investors increased its holdings in Fidelity National Information Services by 12.3% in the 4th quarter. Capital International Investors now owns 34,213,281 shares of the information technology services provider’s stock worth $3,734,671,000 after acquiring an additional 3,742,833 shares during the last quarter. Boston Partners increased its holdings in Fidelity National Information Services by 80.1% in the 4th quarter. Boston Partners now owns 7,031,348 shares of the information technology services provider’s stock worth $768,182,000 after acquiring an additional 3,127,602 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Fidelity National Information Services by 14.3% in the 1st quarter. Wellington Management Group LLP now owns 24,642,600 shares of the information technology services provider’s stock worth $2,474,610,000 after acquiring an additional 3,075,338 shares during the last quarter. 89.51% of the stock is owned by hedge funds and other institutional investors.

FIS opened at $105.16 on Friday. Fidelity National Information Services has a twelve month low of $85.00 and a twelve month high of $152.20. The company has a 50-day simple moving average of $99.84 and a 200 day simple moving average of $104.44. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $64.23 billion, a price-to-earnings ratio of 71.05, a P/E/G ratio of 0.98 and a beta of 0.70.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.46 by $0.01. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services will post 7.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, June 9th. Fidelity National Information Services’s dividend payout ratio is presently 127.03%.

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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Analyst Recommendations for Fidelity National Information Services (NYSE:FIS)

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