Fidelity National Information Services, Inc. (NYSE:FIS) Given Average Recommendation of “Hold” by Brokerages

Fidelity National Information Services, Inc. (NYSE:FIS) has been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $78.3333.

FIS has been the subject of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 target price for the company. Stephens dropped their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Compass Point lowered their target price on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Finally, BNP Paribas Exane dropped their price target on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Tuesday, January 20th.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 941 shares of Fidelity National Information Services stock in a transaction dated Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the acquisition, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. Salomon & Ludwin LLC boosted its holdings in Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 194 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 191 shares during the period. Root Financial Partners LLC acquired a new position in Fidelity National Information Services in the third quarter valued at approximately $29,000. LRI Investments LLC grew its position 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 worth $29,000 after acquiring an additional 374 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in Fidelity National Information Services during the third quarter worth $29,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Down 2.9%

NYSE FIS opened at $46.90 on Friday. Fidelity National Information Services has a one year low of $46.16 and a one year high of $82.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The business has a fifty day moving average price of $62.02 and a 200 day moving average price of $65.79. The company has a market cap of $24.29 billion, a P/E ratio of 173.72, a P/E/G ratio of 0.72 and a beta of 0.90.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, March 10th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

About Fidelity National Information Services

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.