Fidelity National Information Services, Inc. (NYSE:FIS) Declares Dividend Increase – $0.40 Per Share

Fidelity National Information Services, Inc. (NYSE:FIS) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Tuesday, March 11th will be paid a dividend of 0.40 per share by the information technology services provider on Tuesday, March 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36.

Fidelity National Information Services has decreased its dividend by an average of 2.6% per year over the last three years. Fidelity National Information Services has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Information Services to earn $5.72 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 25.2%.

Fidelity National Information Services Stock Up 1.7 %

Shares of Fidelity National Information Services stock traded up $1.39 during trading on Thursday, reaching $82.03. The company had a trading volume of 1,897,503 shares, compared to its average volume of 2,269,471. The company has a market cap of $44.16 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. The firm’s fifty day moving average is $81.82 and its 200-day moving average is $82.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services has a fifty-two week low of $60.39 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business earned $0.94 earnings per share. Fidelity National Information Services’s revenue was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current year.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIS. Compass Point started coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. UBS Group raised their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Barclays raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

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.