Fidelity National Information Services (NYSE:FIS) Price Target Cut to $82.00

Fidelity National Information Services (NYSE:FISGet Rating) had its price target trimmed by The Goldman Sachs Group from $114.00 to $82.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has a buy rating on the information technology services provider’s stock.

FIS has been the topic of several other reports. Royal Bank of Canada lowered their price target on shares of Fidelity National Information Services from $141.00 to $114.00 and set an outperform rating on the stock in a research report on Wednesday, September 21st. Wells Fargo & Company lowered shares of Fidelity National Information Services from an equal weight rating to an underweight rating and lowered their price target for the company from $96.00 to $88.00 in a research report on Thursday, September 8th. Susquehanna Bancshares lowered their price target on shares of Fidelity National Information Services from $176.00 to $160.00 and set a positive rating on the stock in a research report on Tuesday, August 9th. Morgan Stanley reduced their price objective on shares of Fidelity National Information Services from $85.00 to $67.00 and set an equal weight rating on the stock in a research note on Friday. Finally, Credit Suisse Group reduced their price objective on shares of Fidelity National Information Services from $120.00 to $85.00 and set an outperform rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $108.66.

Fidelity National Information Services Trading Up 2.8 %

Shares of FIS opened at $61.85 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average is $80.60 and its two-hundred day moving average is $91.88. Fidelity National Information Services has a twelve month low of $56.53 and a twelve month high of $122.06. The firm has a market capitalization of $37.60 billion, a P/E ratio of 40.42, a PEG ratio of 0.65 and a beta of 0.86.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 8th. Fidelity National Information Services’s payout ratio is currently 122.88%.

Insider Transactions at Fidelity National Information Services

In related news, CFO James W. Woodall sold 80,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $90.07, for a total transaction of $7,205,600.00. Following the completion of the sale, the chief financial officer now directly owns 131,598 shares of the company’s stock, valued at approximately $11,853,031.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO James W. Woodall sold 80,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $90.07, for a total transaction of $7,205,600.00. Following the completion of the sale, the chief financial officer now directly owns 131,598 shares of the company’s stock, valued at approximately $11,853,031.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary Norcross sold 39,403 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $93.20, for a total transaction of $3,672,359.60. Following the sale, the chief executive officer now directly owns 846,643 shares of the company’s stock, valued at $78,907,127.60. The disclosure for this sale can be found here. Insiders sold 204,740 shares of company stock valued at $18,684,354 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 130 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Fidelity National Information Services by 298.7% during the 1st quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in Fidelity National Information Services by 248.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 221 shares in the last quarter. MV Capital Management Inc. grew its holdings in Fidelity National Information Services by 782.1% during the 2nd quarter. MV Capital Management Inc. now owns 344 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. Finally, Tcwp LLC acquired a new position in Fidelity National Information Services during the 1st quarter worth $33,000. 90.39% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Information Services

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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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