Fidelity National Information Servcs (NYSE:FIS) Now Covered by Analysts at Canaccord Genuity

Canaccord Genuity started coverage on shares of Fidelity National Information Servcs (NYSE:FIS) in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $151.00 price objective on the information technology services provider’s stock.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Fidelity National Information Servcs from a buy rating to a hold rating in a research report on Friday, August 2nd. Citigroup upped their price target on shares of Fidelity National Information Servcs from $142.00 to $152.00 and gave the stock a buy rating in a research report on Monday, September 9th. Cantor Fitzgerald upped their price target on shares of Fidelity National Information Servcs from $134.00 to $150.00 and gave the stock an overweight rating in a research report on Thursday, August 8th. Bank of America upped their price target on shares of Fidelity National Information Servcs from $143.00 to $158.00 and gave the stock a buy rating in a research report on Tuesday, September 10th. Finally, Goldman Sachs Group started coverage on shares of Fidelity National Information Servcs in a research report on Thursday, July 25th. They set a buy rating and a $154.00 price target for the company. Four analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $146.30.

FIS stock opened at $130.88 on Thursday. The company’s 50-day simple moving average is $135.05 and its 200-day simple moving average is $121.53. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.67. Fidelity National Information Servcs has a 52-week low of $94.53 and a 52-week high of $141.35. The firm has a market cap of $81.86 billion, a P/E ratio of 25.02, a PEG ratio of 2.49 and a beta of 0.65.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.78. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company posted $1.23 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts anticipate that Fidelity National Information Servcs will post 6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.07%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 26.77%.

In other news, Director Lisa Hook sold 6,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $136.14, for a total value of $816,840.00. Following the completion of the sale, the director now owns 6,797 shares of the company’s stock, valued at approximately $925,343.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stephanie Ferris sold 40,855 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $134.33, for a total transaction of $5,488,052.15. Following the completion of the sale, the chief operating officer now directly owns 60,054 shares of the company’s stock, valued at approximately $8,067,053.82. The disclosure for this sale can be found here. In the last three months, insiders sold 268,921 shares of company stock valued at $36,086,527. Corporate insiders own 1.43% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. purchased a new position in shares of Fidelity National Information Servcs during the 2nd quarter worth approximately $29,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Fidelity National Information Servcs during the 1st quarter worth approximately $29,000. Doyle Wealth Management purchased a new position in shares of Fidelity National Information Servcs during the 2nd quarter worth approximately $32,000. Global Retirement Partners LLC boosted its position in shares of Fidelity National Information Servcs by 46.6% during the 1st quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 90 shares during the period. Finally, Berman Capital Advisors LLC boosted its position in shares of Fidelity National Information Servcs by 44.4% during the 1st quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 96 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Servcs Company Profile

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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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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