Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein Purchases 775 Shares

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein purchased 775 shares of the business’s stock in a transaction on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Fidelity National Information Services Trading Down 0.5 %

NYSE FIS opened at $70.00 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $69.04 and a two-hundred day simple moving average of $61.18. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $74.75. The stock has a market cap of $40.35 billion, a P/E ratio of -6.23, a P/E/G ratio of 0.89 and a beta of 0.97.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $1.71 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has initiated a stock buyback plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a yield of 2.06%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FIS. Evercore ISI increased their target price on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Mizuho increased their target price on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Morgan Stanley increased their target price on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Royal Bank of Canada increased their target price on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They set a “buy” rating and a $84.00 target price for the company. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $71.59.

Institutional Trading of Fidelity National Information Services

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock valued at $3,199,306,000 after purchasing an additional 6,503,451 shares during the period. Dodge & Cox grew its position in shares of Fidelity National Information Services by 2.6% in the fourth quarter. Dodge & Cox now owns 37,620,210 shares of the information technology services provider’s stock valued at $2,259,846,000 after purchasing an additional 958,260 shares during the period. State Street Corp grew its position in shares of Fidelity National Information Services by 1.4% in the first quarter. State Street Corp now owns 26,456,658 shares of the information technology services provider’s stock valued at $1,437,381,000 after purchasing an additional 367,417 shares during the period. FIL Ltd grew its position in shares of Fidelity National Information Services by 27.3% in the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after purchasing an additional 2,758,049 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Fidelity National Information Services by 1.0% in the first quarter. Geode Capital Management LLC now owns 10,572,297 shares of the information technology services provider’s stock valued at $573,144,000 after purchasing an additional 107,041 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.