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

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-two research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $90.75.

FIS has been the topic of a number of research analyst reports. UBS Group lifted their target price on 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. Truist Financial began coverage on Fidelity National Information Services in a report on Monday, June 2nd. They set a "hold" rating and a $84.00 price target on the stock. Robert W. Baird raised their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target on the stock in a report on Wednesday, April 23rd. Finally, TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st.

Fidelity National Information Services Stock Up 1.1%

Shares of NYSE FIS traded up $0.90 during mid-day trading on Thursday, hitting $80.90. The company had a trading volume of 4,300,733 shares, compared to its average volume of 3,361,075. The company has a market capitalization of $42.51 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. Fidelity National Information Services has a 1-year low of $66.51 and a 1-year high of $91.98. The business's 50-day simple moving average is $79.42 and its 200 day simple moving average is $76.98.

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

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Information Services

Several hedge funds have recently modified their holdings of FIS. Norges Bank bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $635,202,000. Raymond James Financial Inc. bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $451,458,000. Baupost Group LLC MA bought a new position in shares of Fidelity National Information Services during the first quarter worth $260,853,000. Nuveen LLC bought a new position in shares of Fidelity National Information Services during the first quarter worth $187,514,000. Finally, Invesco Ltd. boosted its position in shares of Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock worth $694,824,000 after purchasing an additional 1,730,878 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

About Fidelity National Information Services

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.