Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received an average recommendation of “Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $93.50.

A number of analysts recently commented on the company. Barclays PLC reiterated an “overweight” rating and issued a $102.00 price objective (up from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 9th. Stephens reiterated a “positive” rating and issued a $101.00 price objective (up from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BidaskClub lowered Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Cowen and Company reiterated a “buy” rating and issued a $97.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, August 3rd.

In other news, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the completion of the transaction, the chief operating officer now directly owns 282,689 shares in the company, valued at approximately $26,109,156.04. The transaction was disclosed in a filing 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 dated Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the transaction, the director now owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Insiders have sold a total of 520,549 shares of company stock valued at $47,224,679 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Fidelity National Information Services by 10.5% in the 2nd quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after purchasing an additional 2,208,363 shares during the period. Vanguard Group Inc. grew its position in shares of Fidelity National Information Services by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,545,037 shares of the information technology services provider’s stock valued at $1,925,346,000 after purchasing an additional 726,796 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Fidelity National Information Services by 4.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock valued at $1,462,643,000 after purchasing an additional 845,325 shares during the period. State Street Corp grew its position in shares of Fidelity National Information Services by 1.9% in the 1st quarter. State Street Corp now owns 13,111,048 shares of the information technology services provider’s stock valued at $1,043,909,000 after purchasing an additional 244,925 shares during the period. Finally, Longview Partners Guernsey LTD grew its position in shares of Fidelity National Information Services by 4.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 9,504,642 shares of the information technology services provider’s stock valued at $811,696,000 after purchasing an additional 428,628 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Fidelity National Information Services (NYSE:FIS) opened at 93.39 on Friday. The stock’s 50 day moving average is $91.46 and its 200 day moving average is $86.04. The company has a market cap of $31.04 billion, a price-to-earnings ratio of 46.81 and a beta of 0.84. Fidelity National Information Services has a 52-week low of $73.25 and a 52-week high of $93.73.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. Equities research analysts forecast that Fidelity National Information Services will post $4.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. Fidelity National Information Services’s payout ratio is currently 58.00%.

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

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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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