Fidelity National Information Services, Inc. (FIS) Receives “Buy” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their buy rating on shares of Fidelity National Information Services, Inc. (NYSE:FIS) in a research report released on Sunday. Cantor Fitzgerald currently has a $108.00 price target on the information technology services provider’s stock.

“We will be catching up with the management of FIS (Hosting A HQ Visit), who will be on the hot seat” on November 29th. Please ask us or your Cantor salesperson for details or if you have any questions for management.”,” the firm’s analyst commented.

A number of other equities research analysts have also recently issued reports on FIS. Barclays PLC reiterated an overweight rating and set a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. increased their target price on shares of Fidelity National Information Services from $96.00 to $100.00 and gave the stock an overweight rating in a research report on Wednesday, November 1st. Stephens reiterated a positive rating and set a $101.00 target price (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. J P Morgan Chase & Co dropped their target price on shares of Fidelity National Information Services from $106.00 to $103.00 and set an overweight rating for the company in a research report on Wednesday, November 1st. Finally, BidaskClub cut shares of Fidelity National Information Services from a strong-buy rating to a buy rating in a research report on Saturday, August 5th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $98.38.

Shares of Fidelity National Information Services (FIS) traded up $0.24 during trading on Friday, hitting $92.76. 1,800,100 shares of the company were exchanged, compared to its average volume of 1,518,214. The firm has a market cap of $30,969.64, a PE ratio of 22.09, a P/E/G ratio of 1.75 and a beta of 0.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. 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 announced its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.12. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. equities analysts predict that Fidelity National Information Services will post 4.41 EPS for the current year.

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Fidelity National Information Services announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio is 71.60%.

In other news, Director James B. Stallings, Jr. sold 8,486 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $91.87, for a total transaction of $779,608.82. Following the completion of the sale, the director now owns 12,317 shares in the company, valued at approximately $1,131,562.79. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Services 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 sale, the chief operating officer now owns 282,689 shares of the company’s stock, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. 2.66% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. WFG Advisors LP grew its position in shares of Fidelity National Information Services by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after buying an additional 593 shares during the period. Motco grew its position in shares of Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the period. BB&T Investment Services Inc. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $103,000. IFP Advisors Inc grew its position in shares of Fidelity National Information Services by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Fidelity National Information Services by 77.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 626 shares during the last quarter. Institutional investors own 86.15% of the company’s stock.

About Fidelity National Information Services

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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