Fidelity National Information Servcs (NYSE:FIS) had its price target raised by Wells Fargo & Co from $117.00 to $135.00 in a research report released on Thursday, The Fly reports. They currently have an outperform rating on the information technology services provider’s stock.
A number of other brokerages have also weighed in on FIS. Cantor Fitzgerald restated a buy rating and issued a $122.00 price objective on shares of Fidelity National Information Servcs in a report on Tuesday, April 2nd. Barclays boosted their price objective on shares of Fidelity National Information Servcs from $129.00 to $135.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods began coverage on shares of Fidelity National Information Servcs in a report on Monday, April 8th. They issued an outperform rating and a $136.00 price objective for the company. Raymond James began coverage on shares of Fidelity National Information Servcs in a report on Friday, April 12th. They issued a strong-buy rating and a $131.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Fidelity National Information Servcs from a strong-buy rating to a hold rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $125.54.
Shares of NYSE FIS opened at $110.89 on Thursday. Fidelity National Information Servcs has a twelve month low of $93.87 and a twelve month high of $115.56. The company has a market capitalization of $35.85 billion, a P/E ratio of 21.20, a PEG ratio of 1.25 and a beta of 0.74. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85.
Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Fidelity National Information Servcs had a net margin of 10.06% and a return on equity of 16.71%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business earned $1.36 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Sell-side analysts expect that Fidelity National Information Servcs will post 7.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.26%. Fidelity National Information Servcs’s payout ratio is currently 26.77%.
In related news, Director Alexandar Navab, Jr. bought 5,075 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the purchase, the director now owns 5,075 shares in the company, valued at $544,141.50. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary Norcross sold 160,000 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $108.81, for a total transaction of $17,409,600.00. Following the sale, the chief executive officer now owns 249,434 shares of the company’s stock, valued at $27,140,913.54. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Fidelity National Information Servcs by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 24,821,437 shares of the information technology services provider’s stock valued at $2,707,274,000 after buying an additional 261,868 shares during the last quarter. Vanguard Group Inc raised its stake in Fidelity National Information Servcs by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock valued at $2,707,274,000 after buying an additional 261,868 shares during the last quarter. Lunia Capital LP purchased a new stake in Fidelity National Information Servcs during the 4th quarter valued at $20,720,000. Morgan Stanley grew its position in shares of Fidelity National Information Servcs by 6.8% during the 3rd quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock valued at $580,287,000 after acquiring an additional 339,407 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Fidelity National Information Servcs by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock valued at $462,775,000 after acquiring an additional 347,672 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.
About Fidelity National Information Servcs
Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.
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