Fidelity National Information Services (NYSE:FIS) Now Covered by Analysts at Compass Point

Compass Point initiated coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research report report published on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $126.00 target price on the information technology services provider’s stock.

FIS has been the subject of a number of other reports. Royal Bank of Canada upped 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 note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. TD Cowen upped their price objective on shares of 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. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $86.08 on Wednesday. Fidelity National Information Services has a twelve month low of $54.65 and a twelve month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $86.96 and a 200-day moving average of $80.65. The firm has a market cap of $46.34 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 0.72 and a beta of 1.06.

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

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.67%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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 company. Cadence Bank increased its position in Fidelity National Information Services by 1.9% in the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after purchasing an additional 132 shares during the period. Graypoint LLC grew its position in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after buying an additional 132 shares during the period. Atomi Financial Group Inc. grew its position in shares of Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after buying an additional 135 shares during the period. Aptus Capital Advisors LLC grew its position in shares of Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after buying an additional 137 shares during the period. Finally, Continuum Advisory LLC grew its position in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider’s stock worth $281,000 after buying an additional 141 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.