Fidelity National Information Services, Inc. (NYSE:FIS) Announces Quarterly Dividend of $0.40

Fidelity National Information Services, Inc. (NYSE:FIS) announced a quarterly dividend on Thursday, January 30th, RTT News reports. Shareholders of record on Tuesday, March 11th will be paid a dividend of 0.40 per share by the information technology services provider on Tuesday, March 25th. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a 11.1% increase from Fidelity National Information Services’s previous quarterly dividend of $0.36.

Fidelity National Information Services has decreased its dividend payment by an average of 2.6% per year over the last three years. Fidelity National Information Services has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Information Services to earn $6.27 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $71.47 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $76.36 and a two-hundred day moving average price of $82.05. Fidelity National Information Services has a 1-year low of $66.72 and a 1-year high of $91.98. The company has a market cap of $37.86 billion, a P/E ratio of 27.38, a PEG ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the firm posted $0.94 earnings per share. As a group, analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on FIS. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Barclays dropped their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.65.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A hedge fund recently bought a new stake in Fidelity National Information Services stock. Brighton Jones LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,300 shares of the information technology services provider’s stock, valued at approximately $347,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Information Services

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.