Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have earned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $92.79.

A number of analysts have recently weighed in on the stock. Stephens reissued a “positive” rating and set a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and set a $97.00 price target on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BMO Capital Markets raised their price target on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Barclays PLC reissued an “overweight” rating and set a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd.

In related news, Director James B. Stallings, Jr. sold 1,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $85.39, for a total transaction of $85,390.00. Following the transaction, the director now directly owns 14,498 shares in the company, valued at $1,237,984.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 2,181 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.32, for a total value of $196,987.92. Following the transaction, the director now owns 12,317 shares in the company, valued at $1,112,471.44. The disclosure for this sale can be found here. Insiders have sold 403,181 shares of company stock worth $36,418,378 over the last 90 days. 2.66% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Financial Architects Inc boosted its stake in Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock worth $106,000 after buying an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock worth $101,000 after buying an additional 9 shares during the last quarter. Huntington National Bank boosted its stake in Fidelity National Information Services by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock worth $155,000 after buying an additional 20 shares during the last quarter. Private Trust Co. NA boosted its stake in Fidelity National Information Services by 0.4% in the second quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock worth $425,000 after buying an additional 20 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in Fidelity National Information Services by 0.3% in the second quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock worth $725,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.

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Fidelity National Information Services (FIS) opened at 89.22 on Friday. Fidelity National Information Services has a 52 week low of $73.25 and a 52 week high of $92.78. The stock has a market cap of $29.66 billion, a P/E ratio of 44.72 and a beta of 0.84. The company has a 50-day moving average of $88.65 and a 200-day moving average of $83.93.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the company earned $0.90 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Fidelity National Information Services will post $4.28 EPS for the current fiscal year.

Fidelity National Information Services declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 2nd that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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