Research analysts at Cantor Fitzgerald started coverage on shares of Fidelity National Information Services Inc. (NYSE:FIS) in a research note issued to investors on Friday. The firm set a “buy” rating on the stock.

FIS has been the subject of several other research reports. Barclays PLC raised their price objective on shares of Fidelity National Information Services from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, September 26th. Zacks Investment Research lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Wedbush initiated coverage on shares of Fidelity National Information Services in a report on Thursday, September 8th. They set an “outperform” rating and a $92.00 price objective for the company. Deutsche Bank AG raised their price objective on shares of Fidelity National Information Services from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Finally, Stephens reissued a “buy” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $85.94.

Fidelity National Information Services (NYSE:FIS) opened at 78.28 on Friday. The firm has a market capitalization of $25.66 billion, a P/E ratio of 53.51 and a beta of 0.82. The stock’s 50 day moving average price is $78.09 and its 200 day moving average price is $73.66. Fidelity National Information Services has a 12 month low of $55.11 and a 12 month high of $81.67.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The company earned $2.30 billion during the quarter, compared to analyst estimates of $2.33 billion. Fidelity National Information Services had a net margin of 5.75% and a return on equity of 12.37%. The company’s revenue was up 49.0% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. On average, analysts forecast that Fidelity National Information Services will post $3.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.33%. Fidelity National Information Services’s dividend payout ratio is 68.87%.

In related news, COO Anthony M. Jabbour sold 145,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $75.89, for a total value of $11,004,050.00. Following the sale, the chief operating officer now directly owns 301,754 shares of the company’s stock, valued at approximately $22,900,111.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith W. Hughes sold 10,133 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $80.05, for a total transaction of $811,146.65. Following the completion of the sale, the director now directly owns 33,158 shares in the company, valued at $2,654,297.90. The disclosure for this sale can be found here. Insiders own 2.29% of the company’s stock.

A number of large investors have recently bought and sold shares of FIS. Pillar Pacific Capital Management LLC boosted its stake in Fidelity National Information Services by 0.3% in the second quarter. Pillar Pacific Capital Management LLC now owns 3,545 shares of the company’s stock valued at $261,000 after buying an additional 10 shares in the last quarter. Washington Trust Bank boosted its stake in Fidelity National Information Services by 1.0% in the third quarter. Washington Trust Bank now owns 3,381 shares of the company’s stock valued at $260,000 after buying an additional 35 shares in the last quarter. Pitcairn Co. boosted its stake in Fidelity National Information Services by 0.7% in the second quarter. Pitcairn Co. now owns 7,236 shares of the company’s stock valued at $533,000 after buying an additional 47 shares in the last quarter. Reliance Trust Co. of Delaware boosted its stake in Fidelity National Information Services by 2.4% in the second quarter. Reliance Trust Co. of Delaware now owns 3,317 shares of the company’s stock valued at $245,000 after buying an additional 78 shares in the last quarter. Finally, Sky Investment Group LLC boosted its stake in Fidelity National Information Services by 0.3% in the second quarter. Sky Investment Group LLC now owns 24,700 shares of the company’s stock valued at $1,820,000 after buying an additional 85 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

5 Day Chart for NYSE:FIS

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