Fidelity National Information Services (NYSE:FIS) Downgraded by Barclays to Equal Weight

Barclays lowered shares of Fidelity National Information Services (NYSE:FIS – Get Rating) from an overweight rating to an equal weight rating in a research note published on Tuesday, The Fly reports. Barclays currently has $73.00 price target on the information technology services provider’s stock, down from their prior price target of $90.00.

FIS has been the subject of a number of other reports. The Goldman Sachs Group cut their price target on Fidelity National Information Services from $114.00 to $82.00 and set a buy rating for the company in a research note on Friday, November 4th. Royal Bank of Canada cut their price target on Fidelity National Information Services from $114.00 to $95.00 and set an outperform rating for the company in a research note on Friday, November 4th. Truist Financial cut their price target on Fidelity National Information Services from $80.00 to $70.00 in a research note on Friday, November 4th. Raymond James boosted their price target on Fidelity National Information Services from $83.00 to $86.00 and gave the company a strong-buy rating in a research note on Friday, December 16th. Finally, Credit Suisse Group cut their price target on Fidelity National Information Services from $120.00 to $85.00 and set an outperform rating for the company in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of Moderate Buy and a consensus price target of $94.96.

Fidelity National Information Services Price Performance

NYSE FIS opened at $71.41 on Tuesday. Fidelity National Information Services has a one year low of $56.53 and a one year high of $122.06. The stock has a 50-day moving average of $67.85 and a 200 day moving average of $80.91. The company has a market capitalization of $42.37 billion, a price-to-earnings ratio of 46.67, a PEG ratio of 0.88 and a beta of 0.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.77.

Fidelity National Information Services (NYSE:FIS – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The information technology services provider reported $1.74 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.01). Fidelity National Information Services had a return on equity of 9.01% and a net margin of 6.47%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.61 billion. On average, sell-side analysts forecast that Fidelity National Information Services will post 6.63 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were issued a dividend of $0.47 per share. The ex-dividend date was Thursday, December 8th. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. Fidelity National Information Services’s dividend payout ratio (DPR) is 122.88%.

Institutional Trading of Fidelity National Information Services

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 50,616,061 shares of the information technology services provider’s stock valued at $3,825,056,000 after purchasing an additional 395,342 shares during the last quarter. FMR LLC increased its position in shares of Fidelity National Information Services by 15.0% during the 2nd quarter. FMR LLC now owns 10,076,950 shares of the information technology services provider’s stock valued at $923,754,000 after purchasing an additional 1,311,766 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Fidelity National Information Services by 18.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 8,668,569 shares of the information technology services provider’s stock valued at $794,647,000 after purchasing an additional 1,380,495 shares during the last quarter. Northern Trust Corp increased its position in shares of Fidelity National Information Services by 12.3% during the 2nd quarter. Northern Trust Corp now owns 6,841,553 shares of the information technology services provider’s stock valued at $627,166,000 after purchasing an additional 747,909 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Fidelity National Information Services by 12.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,491,575 shares of the information technology services provider’s stock valued at $490,569,000 after purchasing an additional 695,648 shares during the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

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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.