Fidelity National Information Services (NYSE:FIS) Given New $65.00 Price Target at JPMorgan Chase & Co.

Fidelity National Information Services (NYSE:FIS) had its price objective reduced by JPMorgan Chase & Co. from $80.00 to $65.00 in a report issued on Thursday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the information technology services provider’s stock.

FIS has been the topic of a number of other reports. Cantor Fitzgerald began coverage on shares of Fidelity National Information Services in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price target on the stock. Stephens decreased their target price on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. UBS Group boosted their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, BNP Paribas Exane lowered their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $78.33.

Fidelity National Information Services Trading Down 2.9%

NYSE:FIS opened at $46.90 on Thursday. The company has a market cap of $24.29 billion, a PE ratio of 173.72, a P/E/G ratio of 0.72 and a beta of 0.90. The business’s 50 day moving average is $62.02 and its two-hundred day moving average is $65.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. Fidelity National Information Services has a 52 week low of $46.16 and a 52 week high of $82.74.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.44 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AGF Management Ltd. acquired a new position in Fidelity National Information Services during the 3rd quarter worth $3,096,000. Independent Advisor Alliance increased its stake in shares of Fidelity National Information Services by 177.8% in the third quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock worth $2,637,000 after purchasing an additional 25,593 shares during the period. LBP AM SA boosted its stake in Fidelity National Information Services by 1,777.2% during the 3rd quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock valued at $4,813,000 after purchasing an additional 69,096 shares during the period. Norges Bank acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $624,858,000. Finally, Brighton Jones LLC bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $347,000. 96.23% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Information Services

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.