Fidelity National Information Servcs Inc (NYSE:FIS) has received a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $119.00.

Several research analysts have recently commented on FIS shares. Citigroup decreased their price objective on Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Cantor Fitzgerald increased their target price on Fidelity National Information Servcs from $117.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. ValuEngine upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. SunTrust Banks increased their target price on Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Finally, Wood & Company increased their target price on Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call.

Shares of NYSE FIS traded down $3.00 during trading on Friday, hitting $106.12. The company had a trading volume of 1,812,872 shares, compared to its average volume of 1,113,971. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.89. Fidelity National Information Servcs has a 12 month low of $92.12 and a 12 month high of $110.83. The company has a market capitalization of $35.35 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 1.74 and a beta of 0.91.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company earned $1.18 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts anticipate that Fidelity National Information Servcs will post 5.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio is currently 28.96%.

In other Fidelity National Information Servcs news, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the completion of the transaction, the director now owns 41,585 shares in the company, valued at approximately $4,531,517.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory G. Montana sold 50,354 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $105.46, for a total value of $5,310,332.84. The disclosure for this sale can be found here. Company insiders own 2.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. BlackRock Inc. grew its holdings in Fidelity National Information Servcs by 15.6% during the 2nd quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock valued at $2,771,982,000 after buying an additional 3,530,593 shares in the last quarter. EdgePoint Investment Group Inc. bought a new stake in shares of Fidelity National Information Servcs in the 2nd quarter valued at approximately $256,346,000. Alliancebernstein L.P. lifted its stake in shares of Fidelity National Information Servcs by 100.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,378,617 shares of the information technology services provider’s stock valued at $259,436,000 after purchasing an additional 1,189,590 shares during the last quarter. Findlay Park Partners LLP lifted its stake in shares of Fidelity National Information Servcs by 39.4% in the 2nd quarter. Findlay Park Partners LLP now owns 3,625,000 shares of the information technology services provider’s stock valued at $384,359,000 after purchasing an additional 1,025,000 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Fidelity National Information Servcs by 12,015.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 761,192 shares of the information technology services provider’s stock valued at $83,023,000 after purchasing an additional 754,909 shares during the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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

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