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

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $71.59.

FIS has been the topic of a number of research analyst reports. Robert W. Baird cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. Evercore ISI upped their price objective on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Mizuho upped their price objective on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley upped their price objective on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, UBS Group upped their price objective on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. UMB Bank n.a. grew its stake in shares of Fidelity National Information Services by 350.0% during the 1st quarter. UMB Bank n.a. now owns 1,422 shares of the information technology services provider’s stock worth $105,000 after purchasing an additional 1,106 shares during the period. SlateStone Wealth LLC purchased a new position in shares of Fidelity National Information Services during the 1st quarter valued at approximately $251,000. SYSTM Wealth Solutions LLC lifted its position in shares of Fidelity National Information Services by 1.5% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 20,197 shares of the information technology services provider’s stock valued at $1,498,000 after buying an additional 297 shares in the last quarter. Checchi Capital Advisers LLC purchased a new position in shares of Fidelity National Information Services during the 1st quarter valued at approximately $244,000. Finally, Lindbrook Capital LLC lifted its position in shares of Fidelity National Information Services by 2.9% during the 1st quarter. Lindbrook Capital LLC now owns 9,695 shares of the information technology services provider’s stock valued at $719,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 1.2 %

NYSE FIS opened at $69.59 on Friday. The company’s 50-day moving average price is $70.04 and its 200-day moving average price is $61.89. 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 stock has a market cap of $40.12 billion, a PE ratio of -6.19, a PEG ratio of 0.89 and a beta of 0.97. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $74.75.

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

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services declared that its Board of Directors has approved a stock buyback plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Fidelity National Information Services Company Profile

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.