Fidelity National Information Services, Inc. (NYSE:FIS) had its target price trimmed by J P Morgan Chase & Co from $106.00 to $103.00 in a research report released on Wednesday. The firm currently has an overweight rating on the information technology services provider’s stock.

Several other brokerages have also issued reports on FIS. Barclays PLC upped their target price on Fidelity National Information Services from $102.00 to $110.00 and gave the company an overweight rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Fidelity National Information Services from a buy rating to a hold rating in a report on Monday, October 16th. Robert W. Baird reissued an outperform rating and issued a $108.00 price objective (up from $102.00) on shares of Fidelity National Information Services in a report on Tuesday, October 10th. Credit Suisse Group reissued an outperform rating and issued a $108.00 price objective (up from $100.00) on shares of Fidelity National Information Services in a report on Wednesday. They noted that the move was a valuation call. Finally, BidaskClub raised Fidelity National Information Services from a buy rating to a strong-buy rating in a report on Thursday, August 24th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $97.19.

Shares of Fidelity National Information Services (NYSE FIS) traded down $0.18 during midday trading on Wednesday, hitting $93.18. The company had a trading volume of 1,264,354 shares, compared to its average volume of 1,280,435. The company has a quick ratio of 1.49, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock has a market cap of $31,109.82, a PE ratio of 22.19, a P/E/G ratio of 1.76 and a beta of 0.88. Fidelity National Information Services has a 1 year low of $73.97 and a 1 year high of $96.67.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.12. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. analysts predict that Fidelity National Information Services will post 4.41 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. Fidelity National Information Services’s dividend payout ratio is currently 71.60%.

Fidelity National Information Services declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other Fidelity National Information Services news, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the transaction, the chief operating officer now owns 282,689 shares in the company, valued at $26,109,156.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank R. Martire sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the transaction, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. Insiders have sold 518,368 shares of company stock worth $47,027,692 in the last quarter. 2.66% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caldera Capital LLC increased its holdings in shares of Fidelity National Information Services by 10.8% in the second quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock valued at $15,493,000 after purchasing an additional 17,676 shares during the last quarter. Polaris Greystone Financial Group LLC increased its holdings in shares of Fidelity National Information Services by 1.7% in the second quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock valued at $19,587,000 after purchasing an additional 3,867 shares during the last quarter. Commerce Bank increased its holdings in shares of Fidelity National Information Services by 0.9% in the second quarter. Commerce Bank now owns 398,692 shares of the information technology services provider’s stock valued at $34,048,000 after purchasing an additional 3,476 shares during the last quarter. Shell Asset Management Co. increased its holdings in shares of Fidelity National Information Services by 110.3% in the second quarter. Shell Asset Management Co. now owns 75,284 shares of the information technology services provider’s stock valued at $6,429,000 after purchasing an additional 39,483 shares during the last quarter. Finally, Motco increased its holdings in shares of Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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