Fidelity National Information Services (NYSE:FIS) Hits New 52-Week Low – Time to Sell?

Fidelity National Information Services, Inc. (NYSE:FIS)’s share price hit a new 52-week low on Wednesday. The company traded as low as $30.50 and last traded at $30.50, with a volume of 2,888,844 shares changing hands. The stock had previously closed at $38.99.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, September 25th. Weiss Ratings lowered shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, September 29th. Bank of America began coverage on Fidelity National Information Services in a research note on Thursday, October 15th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Citigroup dropped their price target on Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.04.

Fidelity National Information Services Trading Down 22.6%

The stock has a fifty day moving average of $36.91 and a 200 day moving average of $43.64. The company has a market capitalization of $15.59 billion, a P/E ratio of 4.67, a PEG ratio of 0.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the business earned $1.51 earnings per share. Fidelity National Information Services’s quarterly revenue was up 27.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 6.20 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 5.8%. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey Goldstein acquired 1,585 shares of the stock in a transaction dated Thursday, October 15th. The shares were purchased at an average cost of $36.40 per share, with a total value of $57,694.00. Following the transaction, the director directly owned 18,697 shares in the company, valued at approximately $680,570.80. This represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% 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 added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. bought a new position in shares of Fidelity National Information Services in the third quarter worth approximately $35,000. Bank & Trust Co purchased a new stake in shares of Fidelity National Information Services in the third quarter worth $51,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $58,000. Pinnacle Wealth Planning Services Inc. raised its position in shares of Fidelity National Information Services by 96.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 972 shares during the period. Finally, Raleigh Capital Management Inc. bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $71,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.