Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein Buys 775 Shares

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) Director Jeffrey A. Goldstein bought 775 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fidelity National Information Services Stock Down 0.5 %

Shares of Fidelity National Information Services stock traded down $0.35 during trading hours on Wednesday, hitting $70.35. 2,950,683 shares of the company's stock traded hands, compared to its average volume of 4,455,340. The stock has a 50 day simple moving average of $68.70 and a 200-day simple moving average of $61.05. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. The company has a market cap of $40.55 billion, a PE ratio of -6.29, a PEG ratio of 0.89 and a beta of 0.97. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business posted $1.71 EPS. The business's revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a share buyback plan on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 2.05%. Fidelity National Information Services's payout ratio is currently -12.81%.

Analyst Ratings Changes

FIS has been the topic of a number of recent analyst reports. Truist Financial increased their price target on Fidelity National Information Services from $55.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, February 27th. BNP Paribas downgraded Fidelity National Information Services from an "outperform" rating to a "neutral" rating and set a $72.00 price objective for the company. in a report on Thursday, April 11th. Bank of America increased their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday. TheStreet upgraded Fidelity National Information Services from a "d" rating to a "c" rating in a report on Monday, February 26th. Finally, Robert W. Baird downgraded Fidelity National Information Services from an "outperform" rating to a "neutral" rating and increased their price target for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.59.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Artemis Investment Management LLP increased its stake in shares of Fidelity National Information Services by 310.4% during the first quarter. Artemis Investment Management LLP now owns 234,024 shares of the information technology services provider's stock valued at $17,357,000 after acquiring an additional 177,007 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Fidelity National Information Services by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 102,718 shares of the information technology services provider's stock worth $7,620,000 after buying an additional 1,417 shares during the last quarter. ERn Financial LLC grew its position in Fidelity National Information Services by 4.1% in the first quarter. ERn Financial LLC now owns 6,148 shares of the information technology services provider's stock worth $456,000 after buying an additional 244 shares during the last quarter. RMR Wealth Builders grew its position in Fidelity National Information Services by 21.9% in the first quarter. RMR Wealth Builders now owns 13,423 shares of the information technology services provider's stock worth $996,000 after buying an additional 2,408 shares during the last quarter. Finally, Triad Investment Management grew its position in Fidelity National Information Services by 6.1% in the first quarter. Triad Investment Management now owns 39,134 shares of the information technology services provider's stock worth $2,903,000 after buying an additional 2,234 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

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.

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