Fidelity National Information Services, Inc. (NYSE:FIS) Announces $0.36 Quarterly Dividend

Fidelity National Information Services, Inc. (NYSE:FIS) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Investors of record on Monday, December 9th will be given a dividend of 0.36 per share by the information technology services provider on Monday, December 23rd. This represents a $1.44 annualized dividend and a yield of 1.62%.

Fidelity National Information Services has increased its dividend payment by an average of 14.1% annually over the last three years. Fidelity National Information Services has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fidelity National Information Services to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Stock Performance

FIS opened at $89.10 on Friday. Fidelity National Information Services has a 52-week low of $49.81 and a 52-week high of $91.54. The firm has a market capitalization of $48.61 billion, a PE ratio of 66.49, a PEG ratio of 0.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The business’s 50-day simple moving average is $85.46 and its 200 day simple moving average is $78.80.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 earnings per share. As a group, sell-side analysts expect that Fidelity National Information Services will post 5.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on FIS. Jefferies Financial Group upped their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Barclays upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Susquehanna upped their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Oppenheimer began coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.30.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Company Profile

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.