Fidelity National Information Servcs Inc (FIS) Given Average Recommendation of “Buy” by Brokerages

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Shares of Fidelity National Information Servcs Inc (NYSE:FIS) have received a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $115.78.

Several brokerages recently commented on FIS. Zacks Investment Research downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Cantor Fitzgerald lifted their target price on shares of Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Wolfe Research began coverage on shares of Fidelity National Information Servcs in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock.

In other Fidelity National Information Servcs news, Director James B. Stallings, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $107.23, for a total value of $160,845.00. Following the transaction, the director now directly owns 10,817 shares in the company, valued at $1,159,906.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Lenore D. Williams sold 4,285 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $106.00, for a total transaction of $454,210.00. Following the completion of the transaction, the executive vice president now owns 4,999 shares in the company, valued at $529,894. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,707 shares of company stock worth $2,521,597. 2.08% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC acquired a new position in Fidelity National Information Servcs in the second quarter valued at about $114,000. Fort L.P. bought a new position in shares of Fidelity National Information Servcs in the second quarter worth about $121,000. Advisors Asset Management Inc. raised its stake in shares of Fidelity National Information Servcs by 588.2% in the second quarter. Advisors Asset Management Inc. now owns 9,208 shares of the information technology services provider’s stock worth $133,000 after acquiring an additional 7,870 shares during the last quarter. Rational Advisors LLC raised its stake in shares of Fidelity National Information Servcs by 1,676.5% in the second quarter. Rational Advisors LLC now owns 1,439 shares of the information technology services provider’s stock worth $153,000 after acquiring an additional 1,358 shares during the last quarter. Finally, Cerebellum GP LLC raised its stake in shares of Fidelity National Information Servcs by 133.6% in the second quarter. Cerebellum GP LLC now owns 1,696 shares of the information technology services provider’s stock worth $180,000 after acquiring an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fidelity National Information Servcs stock opened at $110.12 on Friday. The firm has a market cap of $36.01 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. Fidelity National Information Servcs has a 1-year low of $89.31 and a 1-year high of $110.25. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.21 by $0.02. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.12 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. research analysts expect that Fidelity National Information Servcs will post 5.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.16%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 28.96%.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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