Stock analysts at Pacific Crest initiated coverage on shares of Fidelity National Information Services Inc. (NYSE:FIS) in a research report issued to clients and investors on Friday. The firm set an “overweight” rating and a $86.00 price target on the stock. Pacific Crest’s target price indicates a potential upside of 10.92% from the company’s previous close.

Several other equities analysts also recently commented on the company. Cantor Fitzgerald started coverage on Fidelity National Information Services in a research report on Friday, October 7th. They set a “buy” rating and a $89.00 target price for the company. Wedbush started coverage on Fidelity National Information Services in a research report on Thursday, September 8th. They set an “outperform” rating and a $92.00 target price for the company. Zacks Investment Research downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Barclays PLC raised their target price on Fidelity National Information Services from $88.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, September 26th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $85.00 target price (up previously from $80.00) on shares of Fidelity National Information Services in a research report on Monday, July 25th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $85.80.

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

Fidelity National Information Services (NYSE:FIS) opened at 77.53 on Friday. Fidelity National Information Services has a 52 week low of $55.11 and a 52 week high of $81.67. The company’s 50-day moving average price is $76.07 and its 200 day moving average price is $76.24. The company has a market cap of $25.45 billion, a PE ratio of 53.69 and a beta of 0.88.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, November 1st. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The business earned $2.31 billion during the quarter, compared to the consensus estimate of $2.41 billion. Fidelity National Information Services had a return on equity of 12.15% and a net margin of 5.38%. Fidelity National Information Services’s revenue was up 46.2% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. On average, analysts anticipate that Fidelity National Information Services will post $3.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.34%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 71.72%.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 10,487 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $76.99, for a total value of $807,394.13. Following the completion of the transaction, the director now directly owns 19,858 shares of the company’s stock, valued at $1,528,867.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory G. Montana sold 1,488 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $74.90, for a total value of $111,451.20. Following the completion of the transaction, the executive vice president now directly owns 17,355 shares of the company’s stock, valued at $1,299,889.50. The disclosure for this sale can be found here. Corporate insiders own 2.29% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Architects Inc boosted its position in Fidelity National Information Services by 30.2% in the third quarter. Financial Architects Inc now owns 1,359 shares of the company’s stock worth $104,000 after buying an additional 315 shares during the last quarter. Daiwa SB Investments Ltd. boosted its position in Fidelity National Information Services by 8.1% in the second quarter. Daiwa SB Investments Ltd. now owns 1,470 shares of the company’s stock worth $107,000 after buying an additional 110 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in Fidelity National Information Services during the second quarter worth about $130,000. Point72 Asia Hong Kong Ltd boosted its position in Fidelity National Information Services by 800.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,800 shares of the company’s stock worth $133,000 after buying an additional 1,600 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in Fidelity National Information Services by 18.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,961 shares of the company’s stock worth $144,000 after buying an additional 300 shares during the last quarter. 87.40% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

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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