Fidelity National Information Services, Inc. (NYSE:FIS) Stock Has Average Target Price of $42.20

Fidelity National Information Services, Inc. (NYSE:FIS) has received a consensus recommendation of “Hold” from the twenty-seven brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $41.76.

A number of analysts have recently commented on FIS shares. Barclays lowered their target price on Fidelity National Information Services from $38.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 5th. Citigroup reduced their price target on Fidelity National Information Services from $39.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, November 5th. UBS Group reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Thursday, November 5th. Wells Fargo & Company decreased their price target on Fidelity National Information Services from $46.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, November 5th. Finally, Piper Sandler lowered their price objective on Fidelity National Information Services from $42.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, November 5th.

Insiders Place Their Bets

In related news, Director Kourtney Gibson purchased 1,800 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average price of $29.00 per share, with a total value of $52,200.00. Following the acquisition, the director owned 5,903 shares in the company, valued at $171,187. The trade was a 43.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction on Thursday, October 15th. The shares were bought at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the transaction, the director directly owned 18,697 shares of the company’s stock, valued at $680,570.80. This trade represents a 9.26% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of Fidelity National Information Services

A number of hedge funds have recently bought and sold shares of FIS. BlackRock Inc. purchased a new position in Fidelity National Information Services during the second quarter worth approximately $1,730,200,000. South Dakota Investment Council grew its holdings in Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after buying an additional 72,040 shares in the last quarter. Bank of Nova Scotia purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at $2,448,000. Nykredit A S acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth $5,143,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth $10,891,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 0.1%

NYSE:FIS opened at $28.30 on Friday. The firm has a market capitalization of $14.59 billion, a P/E ratio of 4.62, a PEG ratio of 0.35 and a beta of 0.84. Fidelity National Information Services has a 1-year low of $27.93 and a 1-year high of $68.37. The company’s fifty day moving average price is $35.72 and its 200-day moving average price is $42.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.55 and a quick ratio of 0.55.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The firm’s quarterly revenue was up 27.1% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Information Services will post 5.85 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.2%. Fidelity National Information Services’s dividend payout ratio (DPR) is 26.27%.

About Fidelity National Information Services

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.