Fidelity National Information Services (NYSE:FIS) Given "Outperform" Rating at William Blair

William Blair restated their outperform rating on shares of Fidelity National Information Services (NYSE:FIS - Free Report) in a report published on Tuesday, RTT News reports.

A number of other equities research analysts have also issued reports on the stock. Stephens reaffirmed an overweight rating and set a $90.00 target price on shares of Fidelity National Information Services in a report on Tuesday. Morgan Stanley increased their price objective on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an overweight rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an overweight rating in a report on Friday, February 23rd. Mizuho increased their price target on Fidelity National Information Services from $73.00 to $76.00 and gave the company a buy rating in a report on Wednesday, February 28th. Finally, BNP Paribas lowered Fidelity National Information Services from an outperform rating to a neutral rating and set a $72.00 price objective on the stock. in a research note on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of Moderate Buy and an average price target of $74.63.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $3.86 during midday trading on Tuesday, reaching $74.31. 9,539,565 shares of the company's stock traded hands, compared to its average volume of 4,470,815. The company has a fifty day simple moving average of $70.64 and a two-hundred day simple moving average of $62.74. Fidelity National Information Services has a 1 year low of $46.91 and a 1 year high of $75.71. The company has a market cap of $41.73 billion, a P/E ratio of -6.61, a PEG ratio of 0.88 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The company's revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. Equities analysts predict that Fidelity National Information Services will post 4.71 EPS for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has initiated a share repurchase 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 leadership believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.94%. Fidelity National Information Services's payout ratio is currently -12.81%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the company's stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now owns 9,052 shares of the company's stock, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. lifted its stake in Fidelity National Information Services by 2.1% in the first quarter. Sei Investments Co. now owns 478,979 shares of the information technology services provider's stock worth $35,531,000 after acquiring an additional 9,782 shares during the last quarter. Anchor Capital Advisors LLC purchased a new stake in Fidelity National Information Services in the first quarter valued at $50,242,000. New South Capital Management Inc. boosted its stake in Fidelity National Information Services by 10.2% in the first quarter. New South Capital Management Inc. now owns 149,798 shares of the information technology services provider's stock valued at $11,112,000 after acquiring an additional 13,920 shares in the last quarter. Clifford Capital Partners LLC grew its holdings in shares of Fidelity National Information Services by 2.7% during the first quarter. Clifford Capital Partners LLC now owns 237,232 shares of the information technology services provider's stock worth $17,598,000 after purchasing an additional 6,261 shares during the last quarter. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Fidelity National Information Services by 248.5% in the 1st quarter. Mondrian Investment Partners LTD now owns 18,086 shares of the information technology services provider's stock valued at $1,342,000 after purchasing an additional 12,897 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.