Fidelity National Information Services’ (FIS) Positive Rating Reaffirmed at Susquehanna

Susquehanna reaffirmed their positive rating on shares of Fidelity National Information Services (NYSE:FIS) in a research report report published on Wednesday, Benzinga reports. Susquehanna currently has a $86.00 price objective on the information technology services provider’s stock.

Several other analysts also recently issued reports on the company. Bank of America upped their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Barclays upped their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an overweight rating in a research note on Thursday, May 9th. William Blair reiterated an outperform rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an outperform rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $75.00 to $83.00 and gave the stock an overweight rating in a research note on Tuesday, May 28th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of Moderate Buy and an average price target of $79.32.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $73.92 on Wednesday. The stock has a market cap of $41.12 billion, a PE ratio of -7.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $78.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $75.63 and a 200-day simple moving average of $69.59.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. On average, sell-side analysts anticipate that Fidelity National Information Services will post 4.97 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were issued a $0.36 dividend. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 1.95%. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction 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

A number of hedge funds have recently modified their holdings of the stock. Csenge Advisory Group raised its holdings in shares of Fidelity National Information Services by 10.4% in the 2nd quarter. Csenge Advisory Group now owns 9,017 shares of the information technology services provider’s stock worth $680,000 after buying an additional 853 shares in the last quarter. Simplicity Wealth LLC grew its position in Fidelity National Information Services by 2.6% during the 2nd quarter. Simplicity Wealth LLC now owns 121,409 shares of the information technology services provider’s stock worth $9,149,000 after acquiring an additional 3,112 shares during the last quarter. Linden Thomas Advisory Services LLC bought a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $1,253,000. CWM LLC grew its position in Fidelity National Information Services by 31.2% during the 2nd quarter. CWM LLC now owns 13,294 shares of the information technology services provider’s stock worth $1,002,000 after acquiring an additional 3,165 shares during the last quarter. Finally, Hilltop National Bank grew its position in Fidelity National Information Services by 7.2% during the 2nd quarter. Hilltop National Bank now owns 17,308 shares of the information technology services provider’s stock worth $1,304,000 after acquiring an additional 1,162 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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.