Fidelity National Information Services, Inc. (FIS) to Issue Quarterly Dividend of $0.36 on March 22nd

Fidelity National Information Services, Inc. (NYSE:FISGet Free Report) declared a quarterly dividend on Monday, February 26th, Zacks reports. Investors of record on Friday, March 8th will be given a dividend of 0.36 per share by the information technology services provider on Friday, March 22nd. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, March 7th.

Fidelity National Information Services has increased its dividend payment by an average of 14.1% per year over the last three years. Fidelity National Information Services has a payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Information Services to earn $5.23 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 27.5%.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $69.45 on Tuesday. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $69.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a 50-day simple moving average of $62.62 and a 200 day simple moving average of $57.71.

Fidelity National Information Services (NYSE:FISGet Free Report) last posted its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $1.71 EPS. Fidelity National Information Services’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts forecast that Fidelity National Information Services will post 4.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ellen R. Alemany acquired 735 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were purchased at an average cost of $60.32 per share, for a total transaction of $44,335.20. Following the transaction, the director now owns 35,333 shares of the company’s stock, valued at $2,131,286.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FIS. Brown Brothers Harriman & Co. boosted its position in Fidelity National Information Services by 83.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 130 shares during the last quarter. Clear Street Markets LLC boosted its position in Fidelity National Information Services by 59,900.0% in the 4th quarter. Clear Street Markets LLC now owns 600 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 599 shares during the last quarter. Neo Ivy Capital Management bought a new position in Fidelity National Information Services in the 2nd quarter valued at $46,000. MBM Wealth Consultants LLC lifted its stake in shares of Fidelity National Information Services by 125.9% in the 4th quarter. MBM Wealth Consultants LLC now owns 707 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 394 shares during the period. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $52,000. 85.67% of the stock is currently owned by institutional investors.

Fidelity National Information Services declared that its board has approved a stock repurchase plan on Monday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent research reports. Truist Financial upped their price target on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. UBS Group upped their price objective on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Mizuho upped their price objective on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.47.

View Our Latest Analysis on Fidelity National Information Services

Fidelity National Information Services Company Profile

(Get Free Report)

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.

Further Reading

Dividend History for Fidelity National Information Services (NYSE:FIS)

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