Fidelity National Information Services’ (FIS) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Fidelity National Information Services (NYSE:FIS) in a report published on Wednesday,Benzinga reports. The firm currently has a $104.00 price target on the information technology services provider’s stock.

Several other analysts have also recently issued reports on FIS. Oppenheimer initiated coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Barclays increased their price objective on 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. Finally, Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Fidelity National Information Services Stock Down 0.1 %

NYSE:FIS opened at $79.24 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average is $82.36 and its two-hundred day moving average is $82.34. Fidelity National Information Services has a 52 week low of $60.39 and a 52 week high of $91.98. The stock has a market capitalization of $42.66 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04.

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

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now 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 corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Fidelity National Information Services by 94.7% during the 2nd quarter. American Century Companies Inc. now owns 77,010 shares of the information technology services provider’s stock worth $5,803,000 after purchasing an additional 37,459 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Fidelity National Information Services by 520.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,591 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 3,012 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Fidelity National Information Services by 19,522.2% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,532 shares of the information technology services provider’s stock worth $266,000 after purchasing an additional 3,514 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $3,534,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Fidelity National Information Services by 7.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,406 shares of the information technology services provider’s stock worth $262,000 after purchasing an additional 241 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.