Insider Buying: Fidelity National Information Services, Inc. (NYSE:FIS) Director Purchases $60,801.76 in Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein bought 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Fidelity National Information Services Price Performance

Shares of FIS opened at $74.63 on Friday. The company has a market capitalization of $39.53 billion, a P/E ratio of 28.60, a P/E/G ratio of 1.23 and a beta of 1.06. The business’s 50-day moving average is $71.39 and its two-hundred day moving average is $79.73. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the previous year, the company earned $0.94 earnings per share. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Stephens cut their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Compass Point lowered their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIS. Capital Research Global Investors grew its position in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after acquiring an additional 1,082,929 shares during the period. Geode Capital Management LLC grew its holdings in Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock valued at $1,052,819,000 after purchasing an additional 208,127 shares during the period. Boston Partners raised its stake in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after buying an additional 446,544 shares during the period. Norges Bank purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $635,202,000. Finally, Invesco Ltd. grew its stake in Fidelity National Information Services by 9.1% in the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider’s stock valued at $611,682,000 after acquiring an additional 632,328 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.