Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Cut from Sanford C. Bernstein

Fidelity National Information Services (NYSE:FIS) had its target price trimmed by Sanford C. Bernstein from $48.00 to $31.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the information technology services provider’s stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company decreased their target price on Fidelity National Information Services from $46.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 5th. William Blair lowered Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 4th. Bank of America lowered shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $42.00 to $33.00 in a research note on Thursday, November 5th. National Bank Financial set a $46.00 price target on shares of Fidelity National Information Services in a research report on Thursday, November 5th. Finally, Argus downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Friday, November 6th. Six analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.12.

Fidelity National Information Services Stock Up 4.2%

Shares of FIS stock opened at $29.56 on Wednesday. The stock has a 50 day moving average of $34.98 and a 200 day moving average of $42.37. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The stock has a market cap of $15.24 billion, a P/E ratio of 4.63, a P/E/G ratio of 0.40 and a beta of 0.84. Fidelity National Information Services has a twelve month low of $27.93 and a twelve month high of $68.37.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.43 billion. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. The business’s revenue was up 27.1% on a year-over-year basis. During the same quarter last year, the company earned $1.51 EPS. As a group, sell-side analysts expect that Fidelity National Information Services will post 5.85 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be paid a $0.44 dividend. The ex-dividend date is Monday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 6.0%. Fidelity National Information Services’s dividend payout ratio (DPR) is 26.27%.

Insider Transactions at Fidelity National Information Services

In other news, Director Kourtney Gibson bought 1,800 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were bought at an average cost of $29.00 per share, for a total transaction of $52,200.00. Following the completion of the transaction, the director owned 5,903 shares in the company, valued at $171,187. This trade represents a 43.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Goldstein bought 1,585 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were acquired at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the acquisition, the director directly owned 18,697 shares in the company, valued at $680,570.80. This represents a 9.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 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

Large investors have recently made changes to their positions in the business. United Southern Bank Trust Department purchased a new position in shares of Fidelity National Information Services in the third quarter valued at $541,000. State Board of Administration of Florida Retirement System lifted its holdings in Fidelity National Information Services by 7.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 477,555 shares of the information technology services provider’s stock worth $15,712,000 after buying an additional 34,468 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in Fidelity National Information Services in the 3rd quarter worth $1,544,000. N.F.U. MUTUAL UNIT MANAGERS Ltd purchased a new position in Fidelity National Information Services in the 3rd quarter valued at about $594,000. Finally, First Trust Advisors LP boosted its position in Fidelity National Information Services by 27.4% in the 3rd quarter. First Trust Advisors LP now owns 1,995,935 shares of the information technology services provider’s stock valued at $65,666,000 after buying an additional 428,924 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.