Fidelity National Information Services (NYSE:FIS) Hits New 12-Month Low – Should You Sell?

Fidelity National Information Services, Inc. (NYSE:FIS) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $50.45 and last traded at $50.3730, with a volume of 1707199 shares. The stock had previously closed at $51.93.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIS. Royal Bank Of Canada reduced their target price on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. decreased their target price on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Cantor Fitzgerald began coverage on Fidelity National Information Services in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 target price on the stock. UBS Group lifted their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $79.53.

Fidelity National Information Services Stock Down 2.6%

The business has a fifty day simple moving average of $63.38 and a 200 day simple moving average of $66.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $26.20 billion, a price-to-earnings ratio of 187.37, a PEG ratio of 0.77 and a beta of 0.91.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC raised its stake in shares of Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after buying an additional 194 shares during the last quarter. NewSquare Capital LLC grew its position in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 191 shares during the period. Root Financial Partners LLC purchased a new stake in Fidelity National Information Services in the 3rd quarter valued at about $29,000. LRI Investments LLC grew its holdings in Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 374 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $29,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.