Fidelity National Information Services (NYSE:FIS) Stock Price Up 3.7% – Time to Buy?

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) shot up 3.7% during mid-day trading on Thursday . The stock traded as high as $70.87 and last traded at $70.62. 718,487 shares were traded during mid-day trading, a decline of 79% from the average session volume of 3,503,903 shares. The stock had previously closed at $68.12.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Wells Fargo & Company dropped their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada lowered their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Compass Point decreased their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. One equities 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 company’s stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Stock Performance

The stock has a 50 day moving average of $75.67 and a two-hundred day moving average of $81.84. The stock has a market capitalization of $37.41 billion, a PE ratio of 27.03, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the prior year, the company earned $0.94 EPS. Research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently made changes to their positions in FIS. Larson Financial Group LLC grew its position in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares in the last quarter. R Squared Ltd acquired a new position in Fidelity National Information Services in the 4th quarter valued at approximately $30,000. Groupama Asset Managment increased its holdings in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the period. Morse Asset Management Inc bought a new position in Fidelity National Information Services during the third quarter worth about $37,000. Finally, OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.