Fidelity National Information Services (NYSE:FIS) Given New $90.00 Price Target at Stephens

Fidelity National Information Services (NYSE:FIS) had its price objective trimmed by Stephens from $100.00 to $90.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider’s stock.

Several other brokerages have also weighed in on FIS. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday. Compass Point assumed coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target for the company. JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the stock from $103.00 to $81.00 in a report on Wednesday. Finally, Mizuho raised their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.95.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $72.59 on Wednesday. The company has a market cap of $39.08 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $81.08 and a 200-day moving average price of $82.94. Fidelity National Information Services has a 52 week low of $60.39 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period last year, the firm earned $0.94 earnings per share. Equities analysts anticipate that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several large investors have recently modified their holdings of FIS. Larson Financial Group LLC grew its stake in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services in the third quarter worth about $28,000. R Squared Ltd bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $30,000. Groupama Asset Managment grew its stake in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the last quarter. Finally, Concord Wealth Partners grew its stake in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

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.