Fidelity National Information Services, Inc. (NYSE:FIS) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-two brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $91.00.

Several analysts recently commented on FIS shares. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price target for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Robert W. Baird lifted their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reduced their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Stephens upped their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, UBS Group increased their price objective on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sierra Ocean LLC lifted its position in Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 267 shares during the last quarter. YANKCOM Partnership boosted its stake in shares of Fidelity National Information Services by 118.8% in the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after buying an additional 190 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 164 shares during the period. Hazlett Burt & Watson Inc. grew its position in Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after buying an additional 250 shares during the period. Finally, Kennebec Savings Bank increased its stake in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 186 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

FIS opened at $80.31 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. Fidelity National Information Services has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a 50 day moving average of $80.10 and a two-hundred day moving average of $76.80. The firm has a market capitalization of $42.19 billion, a PE ratio of 53.19 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company posted $1.33 earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. Fidelity National Information Services's payout ratio is currently 105.96%.

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.

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