Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) has been assigned a consensus rating of "Moderate Buy" from the thirty research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $102.15.
A number of brokerages recently issued reports on FIS. Barclays lowered their price target on Fidelity National Information Services from $110.00 to $90.00 and set an "overweight" rating for the company in a report on Sunday, November 6th. Jefferies Financial Group lowered Fidelity National Information Services from a "buy" rating to a "hold" rating and cut their price target for the company from $95.00 to $75.00 in a research note on Friday, December 9th. The Goldman Sachs Group lowered their price objective on shares of Fidelity National Information Services from $114.00 to $82.00 and set a "buy" rating for the company in a research note on Friday, November 4th. KeyCorp dropped their target price on shares of Fidelity National Information Services from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, September 23rd. Finally, Wells Fargo & Company lowered shares of Fidelity National Information Services from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $96.00 to $88.00 in a report on Thursday, September 8th.
Get Fidelity National Information Services alerts:Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of FIS. Brown Brothers Harriman & Co. increased its position in shares of Fidelity National Information Services by 83.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 130 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Fidelity National Information Services by 298.7% in the first quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 224 shares during the last quarter. MV Capital Management Inc. lifted its holdings in shares of Fidelity National Information Services by 782.1% during the second quarter. MV Capital Management Inc. now owns 344 shares of the information technology services provider's stock worth $32,000 after purchasing an additional 305 shares during the period. Tcwp LLC purchased a new stake in Fidelity National Information Services in the first quarter valued at approximately $33,000. Finally, Financial Management Professionals Inc. increased its holdings in Fidelity National Information Services by 159.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 356 shares of the information technology services provider's stock worth $33,000 after buying an additional 219 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.
Fidelity National Information Services Stock Performance
FIS stock opened at $73.00 on Wednesday. The firm has a market cap of $43.32 billion, a price-to-earnings ratio of 47.71, a PEG ratio of 0.88 and a beta of 0.81. Fidelity National Information Services has a twelve month low of $56.53 and a twelve month high of $122.06. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.30. The business's fifty day simple moving average is $71.39 and its two-hundred day simple moving average is $86.03.Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The information technology services provider reported $1.74 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.01). Fidelity National Information Services had a return on equity of 9.01% and a net margin of 6.47%. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.61 billion. Analysts predict that Fidelity National Information Services will post 6.63 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, December 8th. Fidelity National Information Services's dividend payout ratio is presently 122.88%.
Fidelity National Information Services Company Profile
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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.
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