Fidelity National Information Servcs Inc (NYSE:FIS) has been given an average recommendation of “Buy” by the fourteen analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $115.78.

A number of research analysts recently weighed in on FIS shares. Citigroup raised their target price on shares of Fidelity National Information Servcs from $112.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, May 2nd. ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Friday, August 3rd. Wolfe Research started coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, July 17th. They issued an “outperform” rating for the company. Finally, Oppenheimer raised their target price on shares of Fidelity National Information Servcs from $105.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, May 9th.

Shares of NYSE:FIS traded up $0.49 during midday trading on Wednesday, reaching $108.87. 644,125 shares of the company were exchanged, compared to its average volume of 1,531,658. Fidelity National Information Servcs has a fifty-two week low of $89.31 and a fifty-two week high of $109.95. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.84. The firm has a market cap of $35.59 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.72 and a beta of 0.89.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the business posted $1.04 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. research analysts expect that Fidelity National Information Servcs will post 5.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, September 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

In other news, Director David K. Hunt sold 17,922 shares of Fidelity National Information Servcs stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $106.38, for a total value of $1,906,542.36. Following the completion of the transaction, the director now owns 24,989 shares of the company’s stock, valued at approximately $2,658,329.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James B. Stallings, Jr. sold 1,500 shares of Fidelity National Information Servcs stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $107.23, for a total transaction of $160,845.00. Following the completion of the transaction, the director now directly owns 10,817 shares of the company’s stock, valued at approximately $1,159,906.91. The disclosure for this sale can be found here. In the last three months, insiders sold 29,542 shares of company stock valued at $3,145,184. Insiders own 2.08% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC bought a new stake in shares of Fidelity National Information Servcs during the 2nd quarter worth about $114,000. Fort L.P. bought a new stake in shares of Fidelity National Information Servcs during the 2nd quarter worth about $121,000. Advisors Asset Management Inc. boosted its holdings in shares of Fidelity National Information Servcs by 588.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 9,208 shares of the information technology services provider’s stock worth $133,000 after buying an additional 7,870 shares during the period. Rational Advisors LLC boosted its holdings in shares of Fidelity National Information Servcs by 1,676.5% during the 2nd quarter. Rational Advisors LLC now owns 1,439 shares of the information technology services provider’s stock worth $153,000 after buying an additional 1,358 shares during the period. Finally, Edge Wealth Management LLC bought a new stake in shares of Fidelity National Information Servcs during the 2nd quarter worth about $180,000. 88.31% of the stock is owned by institutional investors.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

Featured Article: How to Use the New Google Finance Tool

Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Servcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Servcs and related companies with MarketBeat.com's FREE daily email newsletter.