Fidelity National Information Services, Inc. (NYSE:FIS) Receives $78.11 Average PT from Brokerages

Fidelity National Information Services, Inc. (NYSE:FIS) has been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are currently covering the firm, Marketbeat reports. Seven 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 1 year price objective among analysts that have updated their coverage on the stock in the last year is $78.11.

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a report on Tuesday, May 7th. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. UBS Group lifted their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd.

Fidelity National Information Services Trading Up 1.9 %

Shares of FIS stock opened at $77.79 on Wednesday. The company has a market capitalization of $43.27 billion, a P/E ratio of -7.60, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. 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 business’s 50 day moving average is $72.72 and its two-hundred day moving average is $65.34. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. Fidelity National Information Services’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. Equities analysts forecast that Fidelity National Information Services will post 4.97 EPS for the current year.

Fidelity National Information Services announced that its board has approved a share repurchase program on Monday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.85%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC boosted its stake in Fidelity National Information Services by 59.6% in the 1st quarter. Cetera Advisors LLC now owns 9,759 shares of the information technology services provider’s stock worth $724,000 after buying an additional 3,646 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Fidelity National Information Services by 901.8% in the first quarter. Cetera Investment Advisers now owns 103,983 shares of the information technology services provider’s stock worth $7,713,000 after acquiring an additional 93,603 shares during the last quarter. PGGM Investments purchased a new stake in Fidelity National Information Services in the first quarter valued at approximately $1,580,000. Swedbank AB acquired a new position in Fidelity National Information Services during the first quarter worth approximately $26,377,000. Finally, LRI Investments LLC purchased a new position in Fidelity National Information Services during the first quarter worth approximately $46,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

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.