Fidelity National Information Services (NYSE:FIS) Trading 1.1% Higher

Fidelity National Information Services, Inc. (NYSE:FISGet Rating)’s share price traded up 1.1% during mid-day trading on Friday . The stock traded as high as $81.81 and last traded at $81.40. 79,528 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 4,577,430 shares. The stock had previously closed at $80.51.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods downgraded Fidelity National Information Services from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $120.00 to $98.00 in a research note on Sunday, September 18th. Royal Bank of Canada cut their price target on Fidelity National Information Services from $141.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday. Evercore ISI raised Fidelity National Information Services from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $115.00 to $135.00 in a research note on Monday, June 13th. Truist Financial cut their price target on Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, June 30th. Finally, Oppenheimer cut their price target on Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating for the company in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Fidelity National Information Services Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. The company has a market cap of $48.91 billion, a price-to-earnings ratio of 59.13, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. The company has a fifty day moving average price of $94.80 and a two-hundred day moving average price of $96.81.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.70 by $0.03. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the company earned $1.61 EPS. Fidelity National Information Services’s revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 7.07 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.88 annualized dividend and a yield of 2.34%. Fidelity National Information Services’s payout ratio is 136.23%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, CEO Gary Norcross sold 80,000 shares of Fidelity National Information Services stock in a transaction on Friday, September 9th. The stock was sold at an average price of $90.89, for a total value of $7,271,200.00. Following the completion of the transaction, the chief executive officer now owns 846,643 shares in the company, valued at approximately $76,951,382.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Gary Norcross sold 80,000 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $90.89, for a total transaction of $7,271,200.00. Following the completion of the sale, the chief executive officer now owns 846,643 shares in the company, valued at $76,951,382.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the sale, the executive vice president now owns 21,334 shares of the company’s stock, valued at approximately $2,133,400. The disclosure for this sale can be found here. In the last quarter, insiders sold 207,240 shares of company stock worth $18,934,354. 0.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Gotham Asset Management LLC grew its stake in shares of Fidelity National Information Services by 38.3% during the fourth quarter. Gotham Asset Management LLC now owns 4,055 shares of the information technology services provider’s stock worth $443,000 after purchasing an additional 1,123 shares during the period. Mutual Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $208,000. GSA Capital Partners LLP acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $650,000. Nissay Asset Management Corp Japan ADV grew its stake in shares of Fidelity National Information Services by 5.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 70,458 shares of the information technology services provider’s stock worth $7,690,000 after purchasing an additional 3,457 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of Fidelity National Information Services by 21.4% during the fourth quarter. Blair William & Co. IL now owns 100,070 shares of the information technology services provider’s stock worth $10,923,000 after purchasing an additional 17,622 shares during the period. Institutional investors own 90.39% of the company’s stock.

Fidelity National Information Services Company Profile

(Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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