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

Fidelity National Information Services, Inc. (NYSE:FISGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $79.32.

FIS has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $75.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Mizuho raised their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Susquehanna reaffirmed a “positive” rating and set a $86.00 target price on shares of Fidelity National Information Services in a research note on Wednesday. Finally, Stephens reaffirmed an “overweight” rating and set a $90.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, May 7th.

View Our Latest Report on Fidelity National Information Services

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 775 shares of Fidelity National Information Services 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 completion of the transaction, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently added to or reduced their stakes in FIS. Cadence Bank boosted its holdings in shares of Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after acquiring an additional 143 shares in the last quarter. SageView Advisory Group LLC boosted its holdings in shares of Fidelity National Information Services by 1.3% during the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after acquiring an additional 148 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Fidelity National Information Services by 14.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after acquiring an additional 166 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in shares of Fidelity National Information Services by 2.4% during the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS stock opened at $73.92 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The firm has a market cap of $41.12 billion, a P/E ratio of -7.23, a P/E/G ratio of 0.76 and a beta of 1.06. Fidelity National Information Services has a 12-month low of $46.91 and a 12-month high of $78.73. The stock’s 50 day simple moving average is $75.63 and its 200 day simple moving average is $69.59.

Fidelity National Information Services (NYSE:FISGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. As a group, equities research analysts predict that Fidelity National Information Services will post 4.97 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.95%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Fidelity National Information Services Company Profile

(Get Free Report

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.

Further Reading

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

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