Fidelity National Information Services (NYSE:FIS) Reaches New 12-Month Low – What’s Next?

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $50.45 and last traded at $50.3730, with a volume of 1707199 shares traded. The stock had previously closed at $51.93.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group boosted their target price on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $70.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, January 15th. Royal Bank Of Canada decreased their target price on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald started coverage on shares of Fidelity National Information Services in a report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $79.53.

Fidelity National Information Services Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $25.03 billion, a P/E ratio of 179.00, a P/E/G ratio of 0.75 and a beta of 0.90. The firm has a 50 day moving average price of $62.39 and a two-hundred day moving average price of $65.92.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.44 dividend. The ex-dividend date is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 3.6%. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its holdings in Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 194 shares during the period. NewSquare Capital LLC increased its holdings in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Fidelity National Information Services in the third quarter worth $29,000. LRI Investments LLC raised its position in shares of Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after buying an additional 374 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in Fidelity National Information Services during the third quarter valued at $29,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.