Brokerages Set Fidelity National Information Services, Inc. (NYSE:FIS) PT at $83.30

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received an average rating of “Moderate Buy” from the twenty-two brokerages that are covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $83.30.

A number of research analysts recently issued reports on FIS shares. Bank of America raised their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. TD Cowen raised their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd.

Fidelity National Information Services Stock Down 0.3 %

FIS stock opened at $90.66 on Friday. The stock has a market capitalization of $50.43 billion, a P/E ratio of -8.86, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $91.14. The firm has a 50-day moving average price of $83.43 and a 200-day moving average price of $77.77.

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

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.59%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds have recently bought and sold shares of the company. Linden Thomas Advisory Services LLC purchased a new position in Fidelity National Information Services during the 2nd quarter worth $1,253,000. SG Americas Securities LLC boosted its holdings in Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after acquiring an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Fidelity National Information Services by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after acquiring an additional 11,655 shares during the last quarter. Mizuho Markets Americas LLC boosted its holdings in Fidelity National Information Services by 115.9% during 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 acquiring an additional 2,011,848 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Fidelity National Information Services by 17.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock worth $52,626,000 after purchasing an additional 106,725 shares during the period. 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.