Fidelity National Information Services, Inc. (NYSE:FIS) Receives an Average “Moderate Buy” Recommendation from Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) have earned an average rating of “moderate buy” from the 30 analysts who cover the company, Marketbeat.com reports. One analyst rated the stock with a sell recommendation, eight gave the company a hold recommendation, sixteen gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $106.00.

The FIS has been the subject of several analyst reports. Truist Financial cut its price target on Fidelity National Information Services stock from $80.00 to $70.00 in a Friday, November 4 research report. Goldman Sachs Group lowered its price target on Fidelity National Information Services from $114.00 to $82.00 and set a “buy” rating on the stock in a Friday, Nov. 4, report. Wells Fargo & Company cut shares of Fidelity National Information Services from a “weighted” rating to an “underweight” rating and cut its target price for the company from $96.00 to $88.00 in a report research on Thursday, September 8. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services stock from $98.00 to $90.00 in a Monday, October 10 report. Finally, StockNews.com launched coverage on Fidelity National Information Services in a Wednesday, October 12 report. They have set a “holding” rating on the stock.

Fidelity National Information Services stock performance

FIS shares opened at $61.41 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt ratio of 0.30. The company has a market capitalization of $36.44 billion, a PE ratio of 40.14, a P/E/G ratio of 0.78 and a beta of 0.86. The stock has a fifty-day moving average price of $75.61 and a 200-day moving average price of $89.72. Fidelity National Information Services has a 12 month minimum of $56.53 and a 12 month maximum of $122.06.

Fidelity National Information Services announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 23. Shareholders of record on Friday, December 9 will receive a dividend of $0.47. The ex-dividend date is Thursday, December 8. This represents a dividend of $1.88 on an annualized basis and a dividend yield of 3.06%. Fidelity National Information Services’ dividend payout ratio (DPR) is currently 122.88%.

Insider Buying and Selling at Fidelity National Information Services

Separately, Chief Financial Officer James W. Woodall sold 80,000 shares of Fidelity National Information Services in a trade that took place on Wednesday, September 7. The stock was sold at an average price of $90.07, for a total value of $7,205,600.00. Following the completion of the transaction, the CFO now owns 131,598 shares of the company, valued at approximately $11,853,031.86. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Separately, Chief Financial Officer James W. Woodall sold 80,000 shares in a trade on Wednesday, September 7. The stock was sold at an average price of $90.07, for a total value of $7,205,600.00. Following the completion of the transaction, the CFO now owns 131,598 shares of the company, valued at $11,853,031.86. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, CEO Gary Norcross sold 39,403 shares in a trade on Monday, September 12. The shares were sold at an average price of $93.20, for a total value of $3,672,359.60. As a result of the transaction, the CEO now directly owns 846,643 shares of the company, valued at $78,907,127.60. The disclosure of this sale can be found here. Insiders sold a total of 199,403 shares of the company valued at $18,149,160 in the past ninety days. Insiders own 0.68% of the shares of the company.

Fidelity National Information Services Institutional Trading

Hedge funds have recently changed their positions in the stock. Whittier Trust Co. of Nevada Inc. increased its position in Fidelity National Information Services stock by 98.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,558 shares of the information technology service provider valued at $157,000 after purchasing an additional 771 shares during the period. Integrated Advisors Network LLC increased its stake in Fidelity National Information Services by 210.9% in Q1. Integrated Advisors Network LLC now owns 5,807 shares of the information technology service provider valued at $583,000 after buying 3,939 additional shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Fidelity National Information Services by 23.4% during the first quarter. Steward Partners Investment Advisory LLC now owns 26,169 shares of the information technology service provider worth $2,628,000 after acquiring 4,960 additional shares last quarter. Mutual of America Capital Management LLC increased its position in Fidelity National Information Services by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 81,271 shares of the information technology service provider worth $8,161,000 after acquiring 851 additional shares last quarter. Finally, FDx Advisors Inc. increased its stake in Fidelity National Information Services by 145.3% in the 1st quarter. FDx Advisors Inc. now owns 32,089 shares of the information technology service provider valued at $3,222,000 after buying an additional 19,009 shares in the last quarter. 90.39% of the shares are held by hedge funds and other institutional investors.

About Fidelity National Information Services

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Fidelity National Information Services, Inc. provides technology solutions to merchants, banks and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions and Capital Market Solutions segments. The Merchant Solutions segment offers business acquisition, software-driven small and medium business acquisition and global e-commerce solutions.

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

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