Fidelity National Information Services, Inc. (NYSE:FIS) Receives $79.32 Consensus Target Price from Brokerages

Fidelity National Information Services, Inc. (NYSE:FISGet Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $79.32.

A number of brokerages have issued reports on FIS. Barclays lifted their target price on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. TD Cowen lifted their target price on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group began coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They set a “buy” rating and a $84.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Finally, Morgan Stanley lifted their target price on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th.

Check Out Our Latest Report on Fidelity National Information Services

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Fidelity National Information Services by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock worth $166,408,000 after buying an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at $1,244,000. Quest Partners LLC bought a new position in Fidelity National Information Services during the 4th quarter valued at $653,000. Korea Investment CORP boosted its stake in Fidelity National Information Services by 5.5% during the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock valued at $11,890,000 after acquiring an additional 11,181 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Fidelity National Information Services during the 4th quarter valued at $752,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Down 0.7 %

Shares of NYSE:FIS opened at $75.96 on Friday. The company has a market cap of $42.25 billion, a price-to-earnings ratio of -7.43, a PEG ratio of 0.78 and a beta of 1.05. The firm’s 50-day simple moving average is $74.36 and its 200-day simple moving average is $68.17. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services has a fifty-two week low of $46.91 and a fifty-two week high of $78.73.

Fidelity National Information Services (NYSE:FISGet Free Report) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services will post 4.97 earnings per share for the current year.

Fidelity National Information Services declared that its Board of Directors has approved a stock repurchase program on Monday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.90%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

About Fidelity National Information Services

(Get Free Report

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.

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

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