Raymond James assumed coverage on shares of Fidelity National Information Servcs (NYSE:FIS) in a research report released on Friday, Benzinga’s Daily Ratings Newsletter reports. The firm issued a strong-buy rating and a $131.00 price target on the information technology services provider’s stock.
A number of other research analysts also recently issued reports on the company. SunTrust Banks downgraded Fidelity National Information Servcs from a buy rating to a hold rating and set a $106.54 price target on the stock. in a report on Tuesday, March 19th. Zacks Investment Research downgraded Fidelity National Information Servcs from a hold rating to a sell rating in a report on Tuesday, February 5th. ValuEngine downgraded Fidelity National Information Servcs from a buy rating to a hold rating in a report on Tuesday, January 29th. Wedbush lifted their price target on Fidelity National Information Servcs from $110.00 to $140.00 and gave the company an outperform rating in a report on Friday, March 22nd. Finally, William Blair reiterated an outperform rating on shares of Fidelity National Information Servcs in a report on Tuesday, February 12th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Fidelity National Information Servcs has an average rating of Buy and a consensus price target of $124.81.
FIS opened at $113.14 on Friday. The firm has a market cap of $36.46 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.27 and a beta of 0.74. Fidelity National Information Servcs has a 52 week low of $93.87 and a 52 week high of $115.56. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.35 dividend. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.24%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.
In other Fidelity National Information Servcs news, Director Alexandar Navab, Jr. acquired 5,075 shares of the stock in a transaction dated Thursday, March 21st. The stock was purchased at an average price of $107.22 per share, with a total value of $544,141.50. Following the transaction, the director now directly owns 5,075 shares of the company’s stock, valued at $544,141.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary Norcross sold 160,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $108.81, for a total value of $17,409,600.00. Following the completion of the sale, the chief executive officer now directly owns 249,434 shares of the company’s stock, valued at approximately $27,140,913.54. The disclosure for this sale can be found here. 2.08% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Essex Savings Bank acquired a new stake in Fidelity National Information Servcs during the 4th quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in Fidelity National Information Servcs by 376.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 196 shares during the period. We Are One Seven LLC acquired a new stake in Fidelity National Information Servcs during the 4th quarter worth about $27,000. Doyle Wealth Management acquired a new stake in Fidelity National Information Servcs during the 4th quarter worth about $27,000. Finally, Sontag Advisory LLC acquired a new stake in Fidelity National Information Servcs during the 4th quarter worth about $27,000. 90.23% of the stock is owned by hedge funds and other institutional investors.
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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