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 an average rating of “Moderate Buy” by the twenty-two analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $91.50.

A number of equities research analysts have issued reports on FIS shares. TD Cowen increased their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Oppenheimer assumed coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating for the company.

Insider Buying and Selling

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Fidelity National Information Services by 982.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after buying an additional 3,535,596 shares in the last quarter. Raymond James & Associates boosted its position in shares of Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after acquiring an additional 3,357,329 shares during the period. Jupiter Asset Management Ltd. purchased a new position in Fidelity National Information Services during the second quarter valued at approximately $83,562,000. Zurich Insurance Group Ltd FI bought a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $40,029,000. Finally, Fernbridge Capital Management LP lifted its stake in Fidelity National Information Services by 67.2% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider’s stock worth $86,900,000 after purchasing an additional 463,613 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $85.34 on Friday. Fidelity National Information Services has a 52 week low of $57.13 and a 52 week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50-day simple moving average is $87.21 and its 200 day simple moving average is $81.26. The firm has a market cap of $45.94 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 0.72 and a beta of 1.03.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

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.