Fidelity National Information Services (NYSE:FIS) Reaches New 1-Year High at $84.77

Fidelity National Information Services, Inc. (NYSE:FIS) reached a new 52-week high on Monday . The stock traded as high as $84.77 and last traded at $84.08, with a volume of 131467 shares. The stock had previously closed at $84.14.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd. Royal Bank of Canada boosted their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. UBS Group raised their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Susquehanna upped their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.65.

Fidelity National Information Services Price Performance

The firm has a market capitalization of $45.79 billion, a P/E ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The company has a fifty day moving average of $78.22 and a 200 day moving average of $75.05. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the firm posted $1.55 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is -14.08%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction on Monday, July 15th. The shares were purchased at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the acquisition, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in Fidelity National Information Services in the 2nd quarter valued at about $6,673,000. New Wave Wealth Advisors LLC acquired a new position in shares of Fidelity National Information Services during the second quarter worth approximately $265,000. 3Chopt Investment Partners LLC bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth $447,000. Senator Investment Group LP increased its stake in Fidelity National Information Services by 5.9% during the 2nd quarter. Senator Investment Group LP now owns 900,000 shares of the information technology services provider’s stock valued at $67,824,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Chase Investment Counsel Corp acquired a new position in Fidelity National Information Services during the second quarter worth $3,244,000. 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.