Fidelity National Information Servcs Inc (FIS) Given Average Rating of “Buy” by Analysts

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) have earned a consensus rating of “Buy” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $119.00.

Several research analysts have commented on the stock. SunTrust Banks boosted their price objective on shares of Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Wood & Company boosted their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. Barclays assumed coverage on shares of Fidelity National Information Servcs in a research report on Wednesday, November 14th. They set an “overweight” rating and a $129.00 price objective for the company. Cantor Fitzgerald boosted their price objective on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. Finally, Citigroup lowered their price objective on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st.

FIS traded down $1.17 during trading on Friday, hitting $104.62. 1,516,829 shares of the stock traded hands, compared to its average volume of 1,548,399. Fidelity National Information Servcs has a twelve month low of $92.12 and a twelve month high of $110.83. The company has a market cap of $34.75 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.34 and a quick ratio of 1.34.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, analysts expect that Fidelity National Information Servcs will post 5.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.22%. Fidelity National Information Servcs’s payout ratio is presently 28.96%.

In other Fidelity National Information Servcs news, EVP Gregory G. Montana sold 50,354 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $105.46, for a total transaction of $5,310,332.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephan A. James sold 23,922 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the sale, the director now directly owns 41,585 shares in the company, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. Insiders own 2.08% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Andra AP fonden grew its stake in shares of Fidelity National Information Servcs by 10.7% in the third quarter. Andra AP fonden now owns 83,600 shares of the information technology services provider’s stock worth $9,118,000 after purchasing an additional 8,100 shares during the last quarter. Middleton & Co Inc MA lifted its holdings in Fidelity National Information Servcs by 12.5% in the third quarter. Middleton & Co Inc MA now owns 37,695 shares of the information technology services provider’s stock valued at $4,111,000 after buying an additional 4,193 shares during the period. Kendall Capital Management lifted its holdings in Fidelity National Information Servcs by 13.7% in the third quarter. Kendall Capital Management now owns 9,360 shares of the information technology services provider’s stock valued at $1,021,000 after buying an additional 1,130 shares during the period. EdgePoint Investment Group Inc. acquired a new position in Fidelity National Information Servcs in the second quarter valued at $256,346,000. Finally, Natixis lifted its holdings in Fidelity National Information Servcs by 1,257.7% in the second quarter. Natixis now owns 577,810 shares of the information technology services provider’s stock valued at $61,265,000 after buying an additional 535,253 shares during the period. 88.13% of the stock is currently owned by institutional investors.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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