Fidelity National Information Services (NYSE:FIS) Shares Gap Down – Here’s Why

Fidelity National Information Services, Inc. (NYSE:FIS)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $82.66, but opened at $72.00. Fidelity National Information Services shares last traded at $69.01, with a volume of 1,446,778 shares trading hands.

Analysts Set New Price Targets

FIS has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday. TD Cowen upped their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley cut 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 research note on Wednesday. Jefferies Financial Group increased their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Compass Point cut their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.95.

Fidelity National Information Services Trading Down 0.8 %

The business’s 50 day simple moving average is $80.83 and its 200-day simple moving average is $82.87. The stock has a market capitalization of $39.08 billion, a P/E ratio of 28.92, a PEG ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

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

Fidelity National Information Services Increases Dividend

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

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’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 completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $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. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC increased its stake in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services in the third quarter valued at approximately $28,000. R Squared Ltd bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $30,000. Groupama Asset Managment increased its position in shares of Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 319 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds 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.