Fidelity National Information Services (NYSE:FIS) Shares Gap Down - Should You Sell?

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $82.66, but opened at $72.00. Fidelity National Information Services shares last traded at $69.01, with a volume of 1,446,778 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stephens cut their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods dropped their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, BNP Paribas cut Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $87.95.

Fidelity National Information Services Trading Down 2.3 %

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $37.09 billion, a PE ratio of 27.45, a PEG ratio of 0.63 and a beta of 1.04. The stock's fifty day simple moving average is $80.53 and its 200 day simple moving average is $82.78.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period in the previous year, the company posted $0.94 EPS. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.32%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is currently 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors have recently bought and sold shares of FIS. CX Institutional raised its stake in Fidelity National Information Services by 4.0% during the 3rd quarter. CX Institutional now owns 4,422 shares of the information technology services provider's stock valued at $370,000 after purchasing an additional 170 shares during the period. Creative Planning grew its holdings in Fidelity National Information Services by 6.9% during the 3rd quarter. Creative Planning now owns 69,023 shares of the information technology services provider's stock valued at $5,781,000 after buying an additional 4,452 shares in the last quarter. Swedbank AB raised its position in shares of Fidelity National Information Services by 1.3% during the third quarter. Swedbank AB now owns 360,769 shares of the information technology services provider's stock valued at $30,214,000 after buying an additional 4,642 shares during the last quarter. SPC Financial Inc. purchased a new position in shares of Fidelity National Information Services in the third quarter worth $327,000. Finally, ZWJ Investment Counsel Inc. boosted its position in shares of Fidelity National Information Services by 0.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 145,799 shares of the information technology services provider's stock worth $12,211,000 after acquiring an additional 1,309 shares during the last quarter. Hedge funds and other institutional investors 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.