Fidelity National Information Services (NYSE:FIS – Free Report) The price target was raised by Royal Bank of Canada from $93.00 to $95.00 in a report published on Wednesday, Benzinga reports. The firm currently has an outperform rating on the information technology services provider’s stock.
Several other research firms have also recently commented on FIS. Robert W. Baird increased their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the company a neutral rating in a research note on Tuesday, May 7th. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an outperform rating in a research report on Wednesday. Stephens reiterated an overweight rating and set a $90.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Mizuho increased their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a buy rating in a report on Thursday, May 9th. Finally, Bank of America raised their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a buy rating in a research note on Tuesday, April 16. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given the company a strong buy rating. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of Moderate Buy and an average price target of $80.45.
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Fidelity National Information Services Price History
FIS shares rose $1.16 during trading hours on Wednesday, reaching $77.59. 2,576,083 shares of the company traded hands, compared to its average volume of 4,137,733. The stock’s 50-day moving average is $75.82 and its 200-day moving average is $71.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $78.73. The stock has a market cap of $43.16 billion, a price-to-earnings ratio of -7.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last released its quarterly earnings results on Tuesday, August 6. The information technology services provider reported earnings per share of $1.36 for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company posted revenue of $2.49 billion during the quarter, compared to analyst expectations of $2.49 billion. In the same quarter last year, the company reported earnings per share of $1.55. The company’s quarterly revenue grew by 2.7% compared to the same quarter last year. As a group, research analysts forecast that Fidelity National Information Services will report earnings per share of $4.94 for the current year.
Dividend announcement for Fidelity National Information Services
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will receive a dividend of $0.36, representing an annualized dividend of $1.44 and a yield of 1.86%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’ dividend payout ratio is currently -14.08%.
Insiders place their bets
In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the company’s stock in a transaction dated Monday, July 15. The shares were bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.
Institutional trading from Fidelity National Information Services
Several large investors have recently added to or reduced their holdings in FIS. International Assets Investment Management LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at about $2,461,000. Prime Capital Investment Advisors LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at $278,000. DekaBank Deutsche Girozentrale increased its holdings in Fidelity National Information Services by 10.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 178,231 shares of the IT services provider’s stock valued at $10,723,000 after purchasing an additional 16,337 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at $1,244,000. Finally, Kendall Capital Management increased its holdings in Fidelity National Information Services by 27.4% in the fourth quarter. Kendall Capital Management now owns 10,830 shares of the information technology services provider’s stock valued at $651,000 after purchasing an additional 2,330 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.
About Fidelity National Information Services
(Get free report)
Fidelity National Information Services, Inc. provides financial services technology solutions to financial institutions, corporations and developers worldwide. The company operates in the Banking Solutions, Capital Market Solutions and Corporate and Other segments. The company offers core processing and ancillary applications, mobile and online banking, fraud and risk management and compliance, card and retail payments, electronic funds transfers and networks, wealth and retirement planning, and item processing and issuance solutions.
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