Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $89.68.

A number of analysts have recently weighed in on the company. Susquehanna increased their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. Mizuho increased their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. UBS Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Bank of America increased their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, Jefferies Financial Group boosted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th.

Fidelity National Information Services Price Performance

FIS stock opened at $87.61 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. The firm has a market cap of $47.16 billion, a P/E ratio of 34.90, a P/E/G ratio of 0.74 and a beta of 1.06. The firm’s fifty day moving average is $86.19 and its 200 day moving average is $79.63. Fidelity National Information Services has a 52 week low of $52.14 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. Research analysts predict that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several large investors have recently modified their holdings of FIS. Vanguard Group Inc. raised its holdings in Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after acquiring an additional 11,023,109 shares during the last quarter. Boston Partners lifted its holdings in shares of Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Fidelity National Information Services by 982.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after buying an additional 3,535,596 shares during the last quarter. Raymond James & Associates increased its holdings in Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares in the last quarter. Finally, Mizuho Markets Americas LLC raised its position in Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after buying an additional 2,011,848 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

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.