Fidelity National Information Services (NYSE:FIS) Stock Rating Lowered by BNP Paribas

BNP Paribas lowered shares of Fidelity National Information Services (NYSE:FIS) from a neutral rating to an underperform rating in a report published on Wednesday morning, Marketbeat.com reports.

A number of other analysts have also weighed in on the stock. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Royal Bank of Canada lifted their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Barclays boosted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. UBS Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Mizuho boosted their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Stock Up 0.7 %

Shares of FIS opened at $86.08 on Wednesday. The stock has a market cap of $46.34 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 0.72 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 12 month low of $54.65 and a 12 month high of $91.98. The company has a 50-day moving average price of $86.96 and a two-hundred day moving average price of $80.65.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts predict that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Insider Activity at Fidelity National Information Services

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

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC bought a new position in Fidelity National Information Services in the 2nd quarter valued at approximately $1,253,000. CENTRAL TRUST Co lifted its stake in Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after purchasing an additional 10,452 shares during the last quarter. SG Americas Securities LLC lifted its stake in Fidelity National Information Services by 572.2% in the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after purchasing an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Fidelity National Information Services by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after acquiring an additional 11,655 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Fidelity National Information Services by 51.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock valued at $6,344,000 after acquiring an additional 25,701 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

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.