Analysts Set Fidelity National Information Services, Inc. (NYSE:FIS) PT at $87.94

Fidelity National Information Services, Inc. (NYSE:FIS) has been assigned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $86.25.

Several research analysts have weighed in on FIS shares. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, September 30th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Stephens cut their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Finally, Robert W. Baird boosted their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th.

Fidelity National Information Services Trading Up 1.4%

Shares of Fidelity National Information Services stock opened at $63.09 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services has a 1 year low of $59.51 and a 1 year high of $90.16. The company has a market capitalization of $32.96 billion, a P/E ratio of 350.52 and a beta of 1.05. The business has a 50 day moving average price of $66.62 and a 200 day moving average price of $74.13.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm posted $1.36 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 888.89%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 889 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was purchased at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the acquisition, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC increased its holdings in Fidelity National Information Services by 5.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 10,636 shares of the information technology services provider’s stock valued at $701,000 after purchasing an additional 527 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Fidelity National Information Services by 8.4% during the third quarter. Penserra Capital Management LLC now owns 172,492 shares of the information technology services provider’s stock valued at $11,372,000 after acquiring an additional 13,390 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Fidelity National Information Services by 4.9% during the third quarter. Allianz Asset Management GmbH now owns 38,359 shares of the information technology services provider’s stock valued at $2,529,000 after acquiring an additional 1,805 shares in the last quarter. AGF Management Ltd. acquired a new stake in shares of Fidelity National Information Services during the third quarter valued at about $3,096,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Fidelity National Information Services by 38.3% during the third quarter. Jones Financial Companies Lllp now owns 8,750 shares of the information technology services provider’s stock valued at $563,000 after acquiring an additional 2,425 shares in the last quarter. 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.