Fidelity National Information Services (NYSE:FIS) Stock: Insider Kourtney Gibson Purchases 1,800 Shares

Key Points

• Director Kourtney Gibson bought 1,800 FIS shares at $29 each, a $52,200 purchase that increased her holding by 43.87% to 5,903 shares.
• FIS reported quarterly EPS of $1.61, slightly above estimates, while revenue of $3.45 billion beat forecasts and rose 27.1% year over year.
• The company declared a quarterly dividend of $0.44 per share, equivalent to a 6.2% yield at the cited share price. Analysts’ consensus rating was Hold, with an average price target of $41.76.

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) Director Kourtney Gibson bought 1,800 shares of Fidelity National Information Services stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $29.00 per share, with a total value of $52,200.00. Following the acquisition, the director owned 5,903 shares in the company, valued at approximately $171,187. This represents a 43.87% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $0.04 during trading on Tuesday, hitting $28.30. 9,208,195 shares of the company's stock traded hands, compared to its average volume of 6,330,187. Fidelity National Information Services, Inc. has a 1 year low of $27.93 and a 1 year high of $68.37. The business has a 50-day simple moving average of $35.97 and a 200-day simple moving average of $42.99. The stock has a market capitalization of $14.63 billion, a P/E ratio of 4.22, a PEG ratio of 0.36 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.55 and a quick ratio of 0.53.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.01. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. The business had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.43 billion. During the same quarter in the prior year, the business earned $1.51 EPS. The business's revenue for the quarter was up 27.1% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.85 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, December 14th. Fidelity National Information Services's dividend payout ratio (DPR) is 26.27%.

Analysts Set New Price Targets

A number of research firms have weighed in on FIS. Robert W. Baird lowered their target price on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a report on Friday, September 25th. JPMorgan Chase & Co. downgraded Fidelity National Information Services from an "overweight" rating to a "neutral" rating and set a $38.00 price target for the company. in a research note on Wednesday, November 4th. Susquehanna reduced their price target on shares of Fidelity National Information Services from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, November 5th. William Blair cut shares of Fidelity National Information Services from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 4th. Finally, Piper Sandler lowered their price objective on shares of Fidelity National Information Services from $42.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, November 5th. Six analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Fidelity National Information Services has an average rating of "Hold" and an average target price of $41.76.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently made changes to their positions in FIS. Dynamic Advisor Solutions LLC raised its position in Fidelity National Information Services by 4.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider's stock valued at $246,000 after purchasing an additional 290 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Fidelity National Information Services by 4.7% during the third quarter. Signaturefd LLC now owns 6,802 shares of the information technology services provider's stock worth $224,000 after purchasing an additional 303 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of Fidelity National Information Services by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider's stock valued at $5,399,000 after buying an additional 328 shares during the period. GAMMA Investing LLC increased its stake in shares of Fidelity National Information Services by 4.7% in the third quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider's stock valued at $256,000 after buying an additional 349 shares during the period. Finally, Citizens Financial Group Inc. RI raised its holdings in Fidelity National Information Services by 9.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 4,338 shares of the information technology services provider's stock valued at $203,000 after buying an additional 361 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company's products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.

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