Robert W. Baird Increases Fidelity National Information Services (NYSE:FIS) Price Target to $86.00

Fidelity National Information Services (NYSE:FIS - Free Report) had its target price raised by Robert W. Baird from $82.00 to $86.00 in a research note released on Wednesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the information technology services provider's stock.

FIS has been the subject of several other research reports. Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Stephens raised their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Monday, April 21st. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a research note on Wednesday, April 23rd. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $91.00.

Fidelity National Information Services Price Performance

FIS stock traded down $0.54 during trading on Wednesday, hitting $80.20. 716,188 shares of the stock traded hands, compared to its average volume of 3,345,987. Fidelity National Information Services has a one year low of $66.51 and a one year high of $91.98. The stock has a market cap of $42.14 billion, a price-to-earnings ratio of 53.07 and a beta of 1.06. The company has a 50 day simple moving average of $80.06 and a 200 day simple moving average of $76.85. 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 (NYSE:FIS - Get Free Report) last announced its quarterly earnings results 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 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 the consensus estimate of $2.50 billion. During the same period last year, the firm posted $1.33 EPS. The firm's quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts expect that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently made changes to their positions in the business. Sierra Ocean LLC lifted its position in shares of 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 worth $26,000 after purchasing an additional 267 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Fidelity National Information Services by 92.1% in the first 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 in the last quarter. YANKCOM Partnership raised its position in Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Hazlett Burt & Watson Inc. raised 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 acquiring an additional 250 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 223 shares in the last quarter. 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.