Fidelity National Information Servcs Inc (FIS) Increases Dividend to $0.32 Per Share
Fidelity National Information Servcs Inc (NYSE:FIS) declared a quarterly dividend on Thursday, February 1st, RTT News reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.32 per share by the information technology services provider on Friday, March 30th. This represents a $1.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, March 15th. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.29.
Fidelity National Information Servcs has raised its dividend payment by an average of 6.5% annually over the last three years. Fidelity National Information Servcs has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Information Servcs to earn $5.78 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 20.1%.
Fidelity National Information Servcs (FIS) opened at $100.41 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.71. Fidelity National Information Servcs has a 1-year low of $78.89 and a 1-year high of $103.65. The company has a market capitalization of $33,525.28, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 1.63 and a beta of 0.93.
FIS has been the topic of a number of research analyst reports. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Friday, February 9th. BMO Capital Markets increased their target price on Fidelity National Information Servcs from $104.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Barclays reaffirmed a “buy” rating and set a $115.00 target price on shares of Fidelity National Information Servcs in a report on Friday, January 5th. JPMorgan Chase & Co. downgraded Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a report on Tuesday, December 12th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $108.00 target price on shares of Fidelity National Information Servcs in a report on Sunday, December 3rd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Servcs has an average rating of “Buy” and an average target price of $102.47.
In related news, Director David K. Hunt sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $94.53, for a total value of $1,607,010.00. Following the sale, the director now owns 19,154 shares of the company’s stock, valued at approximately $1,810,627.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank R. Martire sold 380,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $99.57, for a total value of $37,836,600.00. Following the completion of the sale, the director now directly owns 192,675 shares in the company, valued at approximately $19,184,649.75. The disclosure for this sale can be found here. In the last three months, insiders sold 1,190,007 shares of company stock worth $116,655,299. Company insiders own 2.66% of the company’s stock.
About Fidelity National Information Servcs
Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.
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