Fidelity National Information Services, Inc. (NYSE:FIS) Receives $91.63 Consensus Price Target from Brokerages

Key Points

• Fidelity National Information Services, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $91.63.
• Institutional investors and hedge funds own approximately 96.23% of Fidelity's stock, highlighting strong institutional interest in the company.
• The company announced a quarterly dividend of $0.40 per share, with an annualized yield of 2.3%, scheduled for payment on September 24th.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-one analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $91.6316.

FIS has been the topic of several recent analyst reports. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. UBS Group dropped their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Truist Financial boosted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.02 during midday trading on Friday, hitting $69.75. The company had a trading volume of 433,539 shares, compared to its average volume of 3,605,107. The stock has a market cap of $36.44 billion, a price-to-earnings ratio of 387.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company's 50 day simple moving average is $78.66 and its 200 day simple moving average is $76.30. Fidelity National Information Services has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Fidelity National Information Services during the second quarter worth approximately $624,858,000. Baupost Group LLC MA purchased a new stake in shares of Fidelity National Information Services in the first quarter worth approximately $260,853,000. Nuveen LLC acquired a new position in Fidelity National Information Services in the 1st quarter valued at approximately $187,514,000. Invesco Ltd. grew its holdings in shares of Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after acquiring an additional 1,730,878 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Fidelity National Information Services by 10.5% during the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider's stock worth $958,537,000 after purchasing an additional 1,122,181 shares in the last quarter. Institutional investors and hedge funds 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.