Fidelity National Information Services, Inc. Declares Quarterly Dividend of $0.47 (NYSE:FIS)



Fidelity National Information Services, Inc. (NYSE:FISGet a rating) announced a quarterly dividend on Thursday, April 21, RTT News reports. Investors of record on Friday, June 10 will receive a dividend of 0.47 per share from the IT services provider on Friday, June 24. This represents an annualized dividend of $1.88 and a dividend yield of 1.83%.

Fidelity National Information Services has a dividend payout ratio of 22.8%, which means its dividend is sufficiently covered by earnings. Stock analysts expect Fidelity National Information Services to earn $8.31 per share next year, meaning the company should continue to be able to cover its $1.88 annual dividend with a ratio expected future payout of 22.6%.

Fidelity National Information Services Stock was trading down $1.89 on Thursday, hitting $103.00. 3,447,828 shares were traded, against an average volume of 4,083,067. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt ratio of 0.31. Fidelity National Information Services has a 12-month minimum of $85.00 and a 12-month maximum of $155.96. The company has a fifty-day moving average price of $97.81 and a two-hundred-day moving average price of $108.04. The stock has a market capitalization of $62.91 billion, a PE ratio of 151.47, a PEG ratio of 1.03 and a beta of 0.74.

Fidelity National Information Services (NYSE:FISGet a rating) last announced its results on Tuesday, February 15. The information technology service provider reported earnings per share of $1.92 for the quarter, beating the consensus estimate of $1.89 by $0.03. Fidelity National Information Services achieved a return on equity of 8.50% and a net margin of 3.01%. The company posted revenue of $3.67 billion in the quarter, versus a consensus estimate of $3.70 billion. In the same quarter of the previous year, the company achieved EPS of $1.62. The company’s revenue for the quarter increased by 10.7% compared to the same quarter last year. Equity analysts expect Fidelity National Information Services to post EPS of 7.3 for the current fiscal year.

Several brokerages have recently weighed in on FIS. Citigroup reduced its target price on Fidelity National Information Services from $160.00 to $138.00 and set a “buy” rating for the company in a Wednesday, Jan. 26 research note. Morgan Stanley cut its price target on Fidelity National Information Services from $134.00 to $113.00 and set an “equal weight” rating for the company in a Wednesday, Feb. 16 research report. Exane BNP Paribas upgraded Fidelity National Information Services from a “neutral” rating to an “outperforming” rating and set a price target of $138.00 for the company in a Monday, January 10 research report. Jefferies Financial Group cut its price target on Fidelity National Information Services from $135.00 to $120.00 and set a “buy” rating for the company in a Wednesday, Feb. 16 research report. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Fidelity National Information Services from $155.00 to $116.00 in a Wednesday research report. Four investment analysts gave the stock a hold rating, eighteen gave the stock a buy rating and one gave the stock a high buy rating. Based on MarketBeat data, Fidelity National Information Services currently has a consensus rating of “Buy” and an average price target of $137.73.

Hedge funds have recently increased or reduced their holdings in the stock. NEXT Financial Group Inc increased its stake in Fidelity National Information Services stock to 92.7% in Q4. NEXT Financial Group Inc now owns 1,143 shares of the information technology service provider valued at $125,000 after buying an additional 550 shares during the period. Zullo Investment Group Inc. acquired a new stake in the stock of Fidelity National Information Services in the 4th quarter at a value of $126,000. Salem Investment Counselors Inc. increased its stake in Fidelity National Information Services stock by 68.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,260 shares of the information technology service provider valued at $138,000 after purchasing an additional 510 shares during the period. Tobam ​​increased its stake in Fidelity National Information Services stock by 162.8% in Q4. Tobam ​​now owns 1,606 shares of the information technology service provider valued at $175,000 after purchasing an additional 995 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new equity stake in Fidelity National Information Services in Q4 worth $205,000. 89.83% of the shares are held by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile (Get a rating)

Fidelity National Information Services, Inc. provides technology solutions to merchants, banks and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions and Capital Market Solutions segments. The Merchant Solutions segment offers business acquisition, software-based small and medium business acquisition and global e-commerce solutions.

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



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