Investors sold shares of Fidelity National Information Services, Inc. (NYSE:FIS) on strength during trading on Friday. $11.20 million flowed into the stock on the tick-up and $41.09 million flowed out of the stock on the tick-down, for a money net flow of $29.89 million out of the stock. Of all companies tracked, Fidelity National Information Services had the 18th highest net out-flow for the day. Fidelity National Information Services traded up $0.09 for the day and closed at $93.91

Several research firms have recently issued reports on FIS. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday. Robert W. Baird restated a “buy” rating and issued a $102.00 target price on shares of Fidelity National Information Services in a research note on Friday, September 8th. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Barclays PLC restated an “overweight” rating and issued a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 9th. Finally, BMO Capital Markets upped their target price on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Fidelity National Information Services presently has a consensus rating of “Buy” and a consensus target price of $94.27.

The company has a market cap of $31.22 billion, a PE ratio of 47.07 and a beta of 0.85. The company’s 50-day moving average is $92.41 and its 200-day moving average is $86.92.

Fidelity National Information Services (NYSE:FIS) last announced its 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. The business had revenue of $2.34 billion for 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 quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.

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

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

In related news, Director Frank R. Martire sold 400,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the completion of the sale, the director now directly owns 202,517 shares in the company, valued at approximately $18,295,385.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephan A. James sold 18,368 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the sale, the director now owns 43,231 shares of the company’s stock, valued at $3,896,842.34. The disclosure for this sale can be found here. Insiders sold a total of 520,549 shares of company stock valued at $47,224,679 over the last quarter. Company insiders own 2.66% of the company’s stock.

A number of hedge funds have recently modified their holdings of FIS. Guardian Life Insurance Co. of America lifted its holdings in Fidelity National Information Services by 0.7% in the 1st 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 period. WFG Advisors LP lifted its holdings in Fidelity National Information Services by 99.8% in the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after buying an additional 593 shares during the period. Motco lifted its holdings in Fidelity National Information Services by 12.3% in the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the period. BB&T Investment Services Inc. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $103,000. Finally, IFP Advisors Inc lifted its holdings in Fidelity National Information Services by 6.8% in the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares during the period. Institutional investors own 86.71% of the company’s stock.

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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.

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