Fidelity National Information Servcs Inc (FIS) Announces Dividend Increase – $0.35 Per Share

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Fidelity National Information Servcs Inc (NYSE:FIS) announced a quarterly dividend on Thursday, January 31st, RTT News reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.35 per share by the information technology services provider on Friday, March 29th. This represents a $1.40 annualized dividend and a yield of 1.34%. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32.

Fidelity National Information Servcs has raised its dividend payment by an average of 7.2% annually over the last three years and has increased its dividend every year for the last 2 years. Fidelity National Information Servcs has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Information Servcs to earn $5.76 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 22.2%.

NYSE:FIS traded down $0.99 during trading hours on Thursday, hitting $104.53. 1,537,756 shares of the stock traded hands, compared to its average volume of 1,630,474. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.89. Fidelity National Information Servcs has a fifty-two week low of $92.12 and a fifty-two week high of $110.83. The company has a market cap of $33.92 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 1.50 and a beta of 0.86.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business earned $1.18 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Servcs will post 5.22 earnings per share for the current year.

In other news, EVP Marc M. Mayo sold 34,826 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $105.00, for a total transaction of $3,656,730.00. Following the transaction, the executive vice president now directly owns 24,594 shares in the company, valued at approximately $2,582,370. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gregory G. Montana sold 50,354 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $105.46, for a total transaction of $5,310,332.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,662 shares of company stock worth $9,873,449. 2.08% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on FIS shares. Citigroup cut their target price on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Goldman Sachs Group raised shares of Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and boosted their target price for the company from $108.00 to $128.00 in a research note on Tuesday, December 11th. Zacks Investment Research raised shares of Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Barclays initiated coverage on shares of Fidelity National Information Servcs in a research note on Wednesday, November 14th. They set an “overweight” rating and a $129.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $119.75.

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About Fidelity National Information Servcs

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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Dividend History for Fidelity National Information Servcs (NYSE:FIS)

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