Fidelity National Information Services, Inc. (NYSE:FIS) Short Interest Update

Fidelity National Information Services, Inc. (NYSE:FIS) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 11,540,000 shares, a drop of 8.3% from the September 15th total of 12,590,000 shares. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 2.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. TD Cowen raised their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Bank of America raised their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Barclays lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average target price of $81.65.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $89.05 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services has a fifty-two week low of $46.91 and a fifty-two week high of $89.32. The stock has a 50-day simple moving average of $82.34 and a two-hundred day simple moving average of $77.27. The firm has a market capitalization of $49.53 billion, a P/E ratio of -8.70, a PEG ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Fidelity National Information Services’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Fidelity National Information Services will post 5.08 earnings per share for the current 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 paid a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.62%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Cadence Bank increased its stake in shares of Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares in the last quarter. Atomi Financial Group Inc. increased its stake in 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 in the last quarter. Manchester Capital Management LLC increased its stake in Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after buying an additional 143 shares in the last quarter. SageView Advisory Group LLC increased its stake in Fidelity National Information Services by 1.3% during the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock worth $853,000 after buying an additional 148 shares in the last quarter. Finally, Moody National Bank Trust Division increased its stake in Fidelity National Information Services by 2.4% during the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock worth $536,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.