Fidelity National Information Servcs (NYSE:FIS) Coverage Initiated at UBS Group

UBS Group began coverage on shares of Fidelity National Information Servcs (NYSE:FIS) in a research report sent to investors on Monday, The Fly reports. The firm issued a neutral rating on the information technology services provider’s stock.

FIS has been the topic of several other research reports. Wedbush set a $150.00 target price on Fidelity National Information Servcs and gave the stock an outperform rating in a research report on Wednesday, August 7th. Raymond James set a $149.00 price target on Fidelity National Information Servcs and gave the stock a buy rating in a research note on Wednesday, August 7th. Bank of America boosted their price target on Fidelity National Information Servcs from $143.00 to $158.00 and gave the stock a buy rating in a research note on Tuesday, September 10th. Berenberg Bank set a $171.00 price target on Fidelity National Information Servcs and gave the stock a buy rating in a research note on Friday, August 9th. Finally, Northcoast Research reissued a neutral rating on shares of Fidelity National Information Servcs in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $148.53.

NYSE FIS opened at $131.76 on Monday. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67. The business’s 50 day moving average is $133.07 and its two-hundred day moving average is $125.44. Fidelity National Information Servcs has a 12-month low of $94.53 and a 12-month high of $141.35. The stock has a market capitalization of $80.99 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.53 and a beta of 0.64.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.78. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts forecast that Fidelity National Information Servcs will post 5.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, September 12th. Fidelity National Information Servcs’s payout ratio is currently 26.77%.

In other Fidelity National Information Servcs news, Director Charles Drucker sold 62,816 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $134.22, for a total value of $8,431,163.52. Following the completion of the transaction, the director now directly owns 533,516 shares in the company, valued at approximately $71,608,517.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James W. Woodall sold 100,499 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $133.76, for a total value of $13,442,746.24. Following the completion of the transaction, the chief financial officer now owns 157,497 shares of the company’s stock, valued at $21,066,798.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 331,737 shares of company stock worth $44,517,690. 1.43% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its position in shares of Fidelity National Information Servcs by 56.1% in the 1st quarter. First Trust Advisors LP now owns 150,306 shares of the information technology services provider’s stock worth $17,000,000 after acquiring an additional 54,036 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Fidelity National Information Servcs by 10.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 104,583 shares of the information technology services provider’s stock valued at $11,828,000 after buying an additional 9,686 shares in the last quarter. Accident Compensation Corp increased its position in Fidelity National Information Servcs by 306.1% during the 1st quarter. Accident Compensation Corp now owns 13,400 shares of the information technology services provider’s stock valued at $1,516,000 after buying an additional 10,100 shares in the last quarter. Cerebellum GP LLC increased its position in Fidelity National Information Servcs by 7,434.8% during the 1st quarter. Cerebellum GP LLC now owns 1,733 shares of the information technology services provider’s stock valued at $196,000 after buying an additional 1,710 shares in the last quarter. Finally, Allstate Corp increased its position in Fidelity National Information Servcs by 0.6% during the 1st quarter. Allstate Corp now owns 41,570 shares of the information technology services provider’s stock valued at $4,702,000 after buying an additional 253 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

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.

Read More: How to Use the New Google Finance Tool

The Fly

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

Receive News & Ratings for Fidelity National Information Servcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Servcs and related companies with MarketBeat.com's FREE daily email newsletter.