Fidelity National Information Services, Inc. (NYSE:FIS) Director Acquires $56,058.97 in Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Fidelity National Information Services Trading Down 0.0 %

FIS stock opened at $78.70 on Monday. The firm has a fifty day moving average price of $83.12 and a 200 day moving average price of $82.30. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week high of $91.98. The firm has a market cap of $42.37 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 0.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

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

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC raised its stake in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services in the 3rd quarter worth about $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services in the second quarter worth about $30,000. Groupama Asset Managment boosted its position in shares of Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the period. Finally, Concord Wealth Partners grew its stake in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FIS shares. JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen boosted their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price on the stock. Susquehanna upped their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

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.