Fidelity National Information Services (NYSE:FIS) Given New $81.00 Price Target at UBS Group

Fidelity National Information Services (NYSE:FIS) had its price target cut by UBS Group from $94.00 to $81.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

A number of other brokerages have also recently commented on FIS. Royal Bank of Canada dropped their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Jefferies Financial Group upped their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Stephens decreased their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, TD Cowen upped their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $87.95.

Fidelity National Information Services Trading Down 2.4 %

Shares of FIS stock opened at $68.84 on Wednesday. Fidelity National Information Services has a 52-week low of $62.17 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a 50-day simple moving average of $80.53 and a two-hundred day simple moving average of $82.78. The company has a market capitalization of $37.06 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same period in the prior year, the business posted $0.94 earnings per share. Research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meiji Yasuda Life Insurance Co increased its holdings in Fidelity National Information Services by 87.8% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 9,430 shares of the information technology services provider’s stock valued at $762,000 after buying an additional 4,410 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Fidelity National Information Services by 68.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 61,085 shares of the information technology services provider’s stock valued at $4,934,000 after buying an additional 24,850 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $1,473,000. Rehmann Capital Advisory Group increased its holdings in Fidelity National Information Services by 3.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 9,084 shares of the information technology services provider’s stock valued at $734,000 after buying an additional 343 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in Fidelity National Information Services by 431.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,187 shares of the information technology services provider’s stock valued at $6,638,000 after buying an additional 66,735 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

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.