Fidelity National Information Services, Inc. (NYSE:FIS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-one brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $91.11.

Several equities research analysts recently commented on the company. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Stephens upped their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Royal Bank of Canada reduced their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bradley Foster & Sargent Inc. CT raised its position in Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after purchasing an additional 128 shares in the last quarter. Monetary Management Group Inc. increased its stake in shares of Fidelity National Information Services by 2.8% during the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider's stock worth $370,000 after buying an additional 135 shares during the period. Phoenix Wealth Advisors raised its holdings in Fidelity National Information Services by 0.4% in the first quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider's stock valued at $2,305,000 after acquiring an additional 135 shares in the last quarter. Modera Wealth Management LLC lifted its stake in Fidelity National Information Services by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after acquiring an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its holdings in Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock worth $303,000 after acquiring an additional 138 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $1.21 during trading hours on Friday, reaching $79.48. 5,576,856 shares of the company's stock were exchanged, compared to its average volume of 3,470,998. The business has a fifty day moving average of $76.05 and a two-hundred day moving average of $77.69. The company has a market capitalization of $41.76 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 earnings per share. As a group, research analysts predict that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

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.