Fidelity National Information Services (NYSE:FIS) PT Raised to $86.00

Fidelity National Information Services (NYSE:FIS) had its price target lifted by Susquehanna from $81.00 to $86.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a positive rating on the information technology services provider’s stock.

FIS has been the topic of several other reports. Royal Bank of Canada upped their target price on Fidelity National Information Services from $75.00 to $82.00 and gave the stock an outperform rating in a research report on Tuesday. Mizuho raised their price objective on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the company a buy rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an overweight rating in a report on Friday, February 23rd. The Goldman Sachs Group initiated coverage on Fidelity National Information Services in a report on Thursday, February 29th. They set a buy rating and a $84.00 price target on the stock. Finally, William Blair reissued an outperform rating on shares of Fidelity National Information Services in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $76.79.

Fidelity National Information Services Trading Down 0.3 %

Shares of FIS opened at $74.05 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $75.71. The stock has a market capitalization of $41.58 billion, a P/E ratio of -6.59, a P/E/G ratio of 0.88 and a beta of 0.98. The business’s 50-day moving average price is $70.79 and its 200 day moving average price is $62.91.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Fidelity National Information Services will post 4.71 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.94%. Fidelity National Information Services’s payout ratio is presently -12.81%.

Fidelity National Information Services declared that its Board of Directors has initiated a stock repurchase plan on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 775 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were bought at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services in the 1st quarter valued at about $29,000. EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $29,000. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at about $25,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at approximately $37,000. Finally, Delta Asset Management LLC TN increased its holdings in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.