Fidelity National Information Services (NYSE:FIS) Given New $113.00 Price Target at Compass Point

Fidelity National Information Services (NYSE:FIS) had its price target decreased by Compass Point from $126.00 to $113.00 in a research report sent to investors on Wednesday,Benzinga reports. Compass Point currently has a buy rating on the information technology services provider’s stock.

A number of other research firms have also recently issued reports on FIS. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price target for the company. Morgan Stanley reduced their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $103.00 to $81.00 in a report on Wednesday. Finally, Stephens reduced their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.95.

Fidelity National Information Services Price Performance

Shares of FIS opened at $72.59 on Wednesday. The company has a market cap of $39.08 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a twelve month low of $60.39 and a twelve month high of $91.98. 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 company has a 50 day moving average of $81.08 and a two-hundred day moving average of $82.94.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, analysts predict that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in Fidelity National Information Services during the fourth quarter worth about $635,202,000. Raymond James Financial Inc. purchased a new position in Fidelity National Information Services during the fourth quarter worth about $451,458,000. Raymond James & Associates raised its stake in Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock worth $261,037,000 after purchasing an additional 1,616,146 shares during the period. Finally, KBC Group NV raised its stake in Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after purchasing an additional 1,101,072 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.