Fidelity National Information Services, Inc. (NYSE:FIS) Raises Dividend to $0.40 Per Share

Fidelity National Information Services, Inc. (NYSE:FIS) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.40 per share by the information technology services provider on Tuesday, March 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36.

Fidelity National Information Services has decreased its dividend payment by an average of 2.6% annually over the last three years. Fidelity National Information Services has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Information Services to earn $5.73 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 25.1%.

Fidelity National Information Services Trading Up 1.7 %

Shares of FIS stock opened at $82.03 on Friday. Fidelity National Information Services has a fifty-two week low of $60.39 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average is $81.82 and its two-hundred day moving average is $82.55. The firm has a market capitalization of $44.16 billion, a P/E ratio of 32.68, a PEG ratio of 0.62 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts expect that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Robert W. Baird upped their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. TD Cowen raised their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. UBS Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley raised their price objective on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

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.