Fidelity National Information Services, Inc. (NYSE:FIS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been given an average rating of “Moderate Buy” by the twenty-two analysts that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $81.25.

A number of brokerages recently weighed in on FIS. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a research report on Monday, July 22nd. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. UBS Group upped their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Susquehanna upped their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th.

Fidelity National Information Services Trading Up 0.7 %

Shares of FIS stock opened at $83.75 on Tuesday. The firm has a market capitalization of $46.59 billion, a P/E ratio of -8.19, a P/E/G ratio of 0.83 and a beta of 1.08. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $85.63. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $80.07 and its 200 day simple moving average is $76.18.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, sell-side analysts predict that Fidelity National Information Services will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the purchase, the director now owns 9,771 shares in the company, valued at $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Fidelity National Information Services in the second quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services in the second quarter worth approximately $35,000. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter worth approximately $35,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter worth approximately $37,000. 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.