Fidelity National Information Services, Inc. (NYSE:FIS) Declares $0.36 Quarterly Dividend

Fidelity National Information Services, Inc. (NYSE:FIS) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Investors of record on Monday, December 9th will be given a dividend of 0.36 per share by the information technology services provider on Monday, December 23rd. This represents a $1.44 annualized dividend and a dividend yield of 1.60%.

Fidelity National Information Services has increased its dividend payment by an average of 14.1% annually over the last three years. Fidelity National Information Services has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Information Services to earn $5.64 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Stock Down 1.1 %

NYSE FIS traded down $0.99 during trading hours on Thursday, hitting $89.73. 3,862,643 shares of the company were exchanged, compared to its average volume of 3,732,314. The company has a 50 day moving average of $85.04 and a two-hundred day moving average of $78.60. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $49.91 billion, a price-to-earnings ratio of -8.77, a PEG ratio of 0.77 and a beta of 1.08. Fidelity National Information Services has a 52-week low of $47.97 and a 52-week high of $91.54.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services will post 5.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. TD Cowen boosted their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. UBS Group boosted their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Bank of America lifted their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.30.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

About Fidelity National Information Services

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.