Key Points
- Director Kourtney Gibson bought 1,800 FIS shares at an average $29 each, investing $52,200 and increasing her direct stake by 43.87% to 5,903 shares.
- FIS reported quarterly EPS of $1.61, slightly above the $1.60 consensus, and revenue of $3.45 billion, up 27.1% year over year.
- The company declared a quarterly dividend of $0.44 per share, equivalent to a 6.2% annualized yield at the article’s cited share price; analysts’ consensus rating was Hold.
Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) Director Kourtney Gibson bought 1,800 shares of the firm's stock in a transaction on Friday, November 6th. The shares were bought at an average cost of $29.00 per share, with a total value of $52,200.00. Following the purchase, the director directly owned 5,903 shares in the company, valued at approximately $171,187. This trade represents a 43.87% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Fidelity National Information Services Trading Down 0.1%
Fidelity National Information Services stock opened at $28.30 on Wednesday. Fidelity National Information Services, Inc. has a 12 month low of $27.93 and a 12 month high of $68.37. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.93. The stock has a market cap of $14.59 billion, a P/E ratio of 4.22, a P/E/G ratio of 0.35 and a beta of 0.84. The company's fifty day simple moving average is $35.72 and its 200-day simple moving average is $42.82.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.43 billion. Fidelity National Information Services had a return on equity of 20.42% and a net margin of 26.77%. Fidelity National Information Services's quarterly revenue was up 27.1% compared to the same quarter last year. During the same period last year, the company earned $1.51 earnings per share. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.85 EPS for the current fiscal year.
Fidelity National Information Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, December 14th. Fidelity National Information Services's dividend payout ratio is presently 26.27%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FIS. Weiss Ratings lowered Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, September 10th. Argus cut shares of Fidelity National Information Services from a "buy" rating to a "hold" rating in a research note on Friday, November 6th. The Goldman Sachs Group decreased their target price on shares of Fidelity National Information Services from $44.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, November 5th. Bank of America lowered shares of Fidelity National Information Services from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $42.00 to $33.00 in a research note on Thursday, November 5th. Finally, National Bank Financial set a $46.00 price target on shares of Fidelity National Information Services in a report on Thursday, November 5th. Six research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $41.76.
Get Our Latest Report on Fidelity National Information Services
Institutional Trading of Fidelity National Information Services
Several hedge funds have recently added to or reduced their stakes in FIS. Pension & Wealth Management Advisors Inc. bought a new position in Fidelity National Information Services during the third quarter worth $35,000. First Command Advisory Services Inc. grew its stake in shares of Fidelity National Information Services by 362.9% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,134 shares of the information technology services provider's stock valued at $37,000 after purchasing an additional 889 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $58,000. Bank & Trust Co acquired a new position in shares of Fidelity National Information Services in the 3rd quarter worth approximately $51,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of Fidelity National Information Services by 96.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider's stock worth $65,000 after buying an additional 972 shares during the period. Institutional investors own 96.23% of the company's stock.
About Fidelity National Information Services
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Get Free Report)
Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company's products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.
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