Fidelity National Information Servcs Inc (FIS) Receives Average Recommendation of “Buy” from Analysts

Fidelity National Information Servcs Inc (NYSE:FIS) has earned a consensus rating of “Buy” from the eighteen analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $98.85.

A number of analysts recently commented on the company. JPMorgan Chase & Co. lowered Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 12th. Barclays increased their price objective on Fidelity National Information Servcs from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Robert W. Baird reaffirmed an “outperform” rating and set a $108.00 price objective (up previously from $102.00) on shares of Fidelity National Information Servcs in a research note on Tuesday, October 10th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $108.00 price objective on shares of Fidelity National Information Servcs in a research note on Sunday, December 3rd.

In other news, Director Stephan A. James sold 3,600 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $94.87, for a total value of $341,532.00. Following the transaction, the director now directly owns 29,498 shares in the company, valued at approximately $2,798,475.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 8,486 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $91.87, for a total value of $779,608.82. Following the completion of the transaction, the director now owns 12,317 shares in the company, valued at $1,131,562.79. The disclosure for this sale can be found here. Insiders have sold 87,633 shares of company stock worth $8,146,090 over the last quarter. 2.66% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Fidelity National Information Servcs by 10.5% in the 2nd quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock worth $1,984,199,000 after purchasing an additional 2,208,363 shares during the period. Vanguard Group Inc. raised its holdings in shares of Fidelity National Information Servcs by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,545,037 shares of the information technology services provider’s stock worth $1,925,346,000 after purchasing an additional 726,796 shares during the period. Longview Partners Guernsey LTD raised its holdings in shares of Fidelity National Information Servcs by 5.5% in the 3rd quarter. Longview Partners Guernsey LTD now owns 10,025,942 shares of the information technology services provider’s stock worth $936,323,000 after purchasing an additional 521,300 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Fidelity National Information Servcs by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,870,184 shares of the information technology services provider’s stock worth $415,887,000 after purchasing an additional 69,174 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Fidelity National Information Servcs by 1.8% in the 3rd quarter. Janus Henderson Group PLC now owns 4,581,602 shares of the information technology services provider’s stock worth $427,869,000 after purchasing an additional 80,633 shares during the period. Institutional investors own 87.76% of the company’s stock.

Shares of Fidelity National Information Servcs (NYSE FIS) opened at $95.73 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $31,960.00, a price-to-earnings ratio of 59.46, a P/E/G ratio of 1.64 and a beta of 0.88. Fidelity National Information Servcs has a 52 week low of $75.52 and a 52 week high of $96.67.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. Fidelity National Information Servcs had a return on equity of 14.05% and a net margin of 5.82%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. research analysts expect that Fidelity National Information Servcs will post 4.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.16 annualized dividend and a yield of 1.21%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 72.05%.

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About Fidelity National Information Servcs

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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