Fidelity National Information Services (NYSE:FIS) Reaches New 52-Week High at $76.04

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $76.04 and last traded at $75.72, with a volume of 643244 shares traded. The stock had previously closed at $74.64.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIS. Morgan Stanley boosted their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. TheStreet upgraded shares of Fidelity National Information Services from a "d" rating to a "c" rating in a research note on Monday, February 26th. Stephens reiterated an "overweight" rating and issued a $90.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Tuesday, May 7th. Finally, The Goldman Sachs Group began coverage on shares of Fidelity National Information Services in a research note on Thursday, February 29th. They issued a "buy" rating and a $84.00 target price on the stock. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $78.11.

Fidelity National Information Services Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The stock's 50-day moving average is $71.13 and its two-hundred day moving average is $63.43. The stock has a market cap of $42.14 billion, a P/E ratio of -7.41, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. Fidelity National Information Services's revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.98 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.90%. Fidelity National Information Services's dividend payout ratio (DPR) is presently -14.08%.

Fidelity National Information Services announced that its Board of Directors has authorized a stock buyback plan on Monday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.68% of the company's stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIS. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity National Information Services by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider's stock valued at $166,408,000 after purchasing an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at $1,244,000. Korea Investment CORP raised its holdings in shares of Fidelity National Information Services by 5.5% in the third quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider's stock valued at $11,890,000 after acquiring an additional 11,181 shares in the last quarter. Sapient Capital LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $1,076,000. Finally, Alpha Cubed Investments LLC lifted its stake in Fidelity National Information Services by 48.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 160,439 shares of the information technology services provider's stock worth $9,638,000 after acquiring an additional 52,223 shares during the period. 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.