Fidelity National Information Services, Inc. (NYSE:FIS)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group in a report released on Wednesday. They presently have a $108.00 price target on the information technology services provider’s stock, up from their prior price target of $100.00. Credit Suisse Group’s price objective would suggest a potential upside of 15.90% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other equities analysts have also weighed in on FIS. BidaskClub raised Fidelity National Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Cowen and Company reissued an “outperform” rating and set a $92.00 price objective (up previously from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. boosted their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research lowered Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $97.19.

Fidelity National Information Services (NYSE:FIS) traded up $0.07 on Wednesday, reaching $93.18. 1,264,354 shares of the company’s stock traded hands, compared to its average volume of 1,280,435. The company has a market cap of $31.17 billion, a price-to-earnings ratio of 22.23 and a beta of 0.88.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.12. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. equities analysts expect that Fidelity National Information Services will post 4.41 earnings per share for the current year.

Fidelity National Information Services announced that its board has initiated a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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In related news, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the sale, the chief operating officer now owns 282,689 shares in the company, valued at approximately $26,109,156.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank R. Martire sold 400,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the sale, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. Insiders sold a total of 518,368 shares of company stock worth $47,027,692 in the last quarter. Company insiders own 2.66% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. WFG Advisors LP increased its holdings in Fidelity National Information Services by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 593 shares during the period. Motco increased its holdings in Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 131 shares during the period. BB&T Investment Services Inc. purchased a new stake in Fidelity National Information Services during the 2nd quarter worth about $103,000. IFP Advisors Inc increased its holdings in Fidelity National Information Services by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 84 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Fidelity National Information Services by 77.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 626 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

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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