Fidelity National Information Services, Inc. (NYSE:FIS) Announces $0.36 Quarterly Dividend

Fidelity National Information Services, Inc. (NYSE:FIS) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Monday, December 9th will be given a dividend of 0.36 per share by the information technology services provider on Monday, December 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%.

Fidelity National Information Services has raised its dividend payment by an average of 14.1% per year over the last three years. Fidelity National Information Services has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Information Services to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Trading Down 1.1 %

NYSE FIS opened at $89.74 on Friday. The stock’s 50 day moving average is $85.26 and its 200 day moving average is $78.68. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $48.96 billion, a PE ratio of 66.97, a P/E/G ratio of 0.80 and a beta of 1.08. Fidelity National Information Services has a twelve month low of $47.97 and a twelve month high of $91.54.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm earned $1.55 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services will post 5.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FIS shares. Stephens upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Barclays raised their price objective on shares of 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, Susquehanna upped their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $83.30.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

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.