Fidelity National Information Services, Inc. (NYSE:FIS) Given Average Recommendation of “Hold” by Analysts

Fidelity National Information Services, Inc. (NYSE:FIS) has been assigned an average rating of “Hold” from the twenty-two analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $79.5263.

FIS has been the subject of a number of research reports. Cantor Fitzgerald initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price objective for the company. UBS Group lifted their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Jefferies Financial Group dropped their price objective on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, October 14th. Royal Bank Of Canada lowered their target price on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Truist Financial dropped their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $50.88 on Friday. The stock has a market capitalization of $26.35 billion, a price-to-earnings ratio of 188.43, a PEG ratio of 0.77 and a beta of 0.90. Fidelity National Information Services has a one year low of $50.48 and a one year high of $83.97. The company’s 50-day simple moving average is $63.65 and its 200-day simple moving average is $66.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.44 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was purchased at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the transaction, the director owned 14,529 shares in the company, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewSquare Capital LLC boosted its position in Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares during the period. Salomon & Ludwin LLC raised its stake in shares of Fidelity National Information Services by 100.5% during the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 194 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in Fidelity National Information Services in the third quarter worth about $29,000. LRI Investments LLC grew its position in Fidelity National Information Services by 613.1% in the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 374 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Fidelity National Information Services during the 3rd quarter valued at about $29,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.