Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Trim from Cantor Fitzgerald

Fidelity National Information Services (NYSE:FIS) had its target price lowered by Cantor Fitzgerald from $45.00 to $34.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider’s stock.

FIS has been the topic of several other reports. National Bank Financial set a $46.00 price objective on Fidelity National Information Services in a research report on Thursday, November 5th. Oppenheimer cut Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $35.00 price target on shares of Fidelity National Information Services in a report on Wednesday, November 4th. Robert W. Baird dropped their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, September 25th. Finally, Deutsche Bank reduced their price objective on Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a report on Tuesday, September 29th. Six investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.35.

Fidelity National Information Services Stock Up 6.7%

NYSE:FIS opened at $30.20 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $15.57 billion, a P/E ratio of 4.62, a P/E/G ratio of 0.35 and a beta of 0.84. Fidelity National Information Services has a fifty-two week low of $27.93 and a fifty-two week high of $68.37. The firm has a 50-day simple moving average of $35.51 and a two-hundred day simple moving average of $42.67.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The business’s revenue was up 27.1% on a year-over-year basis. Analysts predict that Fidelity National Information Services will post 5.85 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Monday, December 14th. Fidelity National Information Services’s payout ratio is 26.27%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Kourtney Gibson acquired 1,800 shares of Fidelity National Information Services stock in a transaction dated Friday, November 6th. The stock was purchased at an average cost of $29.00 per share, for a total transaction of $52,200.00. Following the purchase, the director directly owned 5,903 shares of the company’s stock, valued at approximately $171,187. This trade represents a 43.87% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey A. Goldstein acquired 1,585 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was bought at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the purchase, the director directly owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pension & Wealth Management Advisors Inc. bought a new position in shares of Fidelity National Information Services during the third quarter worth $35,000. First Command Advisory Services Inc. lifted its stake in Fidelity National Information Services by 362.9% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,134 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 889 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $58,000. Bank & Trust Co bought a new position in shares of Fidelity National Information Services during the 3rd quarter valued at about $51,000. Finally, Pinnacle Wealth Planning Services Inc. grew its position in shares of Fidelity National Information Services by 96.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 972 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile

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.