Fidelity National Information Servcs (NYSE:FIS) had its price objective boosted by BMO Capital Markets from $104.00 to $118.00 in a research note published on Wednesday morning. They currently have an outperform rating on the information technology services provider’s stock. The analysts noted that the move was a valuation call.

Other research analysts have also issued research reports about the company. Robert W. Baird boosted their price target on Fidelity National Information Servcs from $108.00 to $115.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. KeyCorp reiterated a buy rating on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. Oppenheimer boosted their price target on Fidelity National Information Servcs from $96.00 to $100.00 and gave the stock an overweight rating in a research report on Wednesday, November 1st. Barclays boosted their price target on Fidelity National Information Servcs from $102.00 to $110.00 and gave the stock an overweight rating in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. lowered Fidelity National Information Servcs from an overweight rating to a neutral rating in a research report on Tuesday, December 12th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Fidelity National Information Servcs currently has a consensus rating of Buy and a consensus price target of $102.47.

Fidelity National Information Servcs (NYSE:FIS) opened at $95.03 on Wednesday. Fidelity National Information Servcs has a 12-month low of $78.89 and a 12-month high of $103.65. The stock has a market capitalization of $30,962.96, a P/E ratio of 20.98, a P/E/G ratio of 1.49 and a beta of 0.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 0.92.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. equities analysts forecast that Fidelity National Information Servcs will post 5.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a $0.32 dividend. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. Fidelity National Information Servcs’s dividend payout ratio is 29.59%.

In other news, Director David K. Hunt sold 17,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $94.53, for a total value of $1,607,010.00. Following the completion of the sale, the director now owns 19,154 shares in the company, valued at $1,810,627.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephan A. James sold 3,600 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $94.87, for a total value of $341,532.00. Following the completion of the sale, the director now owns 29,498 shares of the company’s stock, valued at approximately $2,798,475.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,147 shares of company stock valued at $7,366,481. Insiders own 2.66% of the company’s stock.

Several institutional investors have recently made changes to their positions in FIS. WFG Advisors LP lifted its holdings in shares of Fidelity National Information Servcs by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 593 shares during the period. BB&T Investment Services Inc. acquired a new stake in shares of Fidelity National Information Servcs in the second quarter valued at $103,000. Calton & Associates Inc. acquired a new stake in shares of Fidelity National Information Servcs in the fourth quarter valued at $123,000. Cerebellum GP LLC acquired a new stake in shares of Fidelity National Information Servcs in the fourth quarter valued at $126,000. Finally, Rockefeller Financial Services Inc. acquired a new stake in shares of Fidelity National Information Servcs in the third quarter valued at $128,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

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Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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