Shares of Fidelity National Information Services Inc. (NYSE:FIS) gapped up prior to trading on Tuesday . The stock had previously closed at $75.84, but opened at $75.90. Fidelity National Information Services shares last traded at $76.46, with a volume of 800,338 shares.

A number of analysts recently weighed in on FIS shares. Sterne Agee CRT raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Thursday, May 26th. Monness Crespi & Hardt upped their price objective on shares of Fidelity National Information Services from $76.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, July 11th. Zacks Investment Research lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $85.00 price objective (up from $80.00) on shares of Fidelity National Information Services in a research note on Monday, July 25th. Finally, Royal Bank Of Canada upped their price objective on shares of Fidelity National Information Services from $80.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Three investment 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 company. The stock presently has an average rating of “Buy” and an average target price of $85.21.

The firm has a 50-day moving average of $78.83 and a 200 day moving average of $72.49. The firm has a market cap of $25.10 billion, a P/E ratio of 52.34 and a beta of 0.92.

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Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.33 billion. Fidelity National Information Services had a return on equity of 12.37% and a net margin of 5.75%. The firm’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. Analysts expect that Fidelity National Information Services Inc. will post $3.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 68.87%.

In other news, COO Anthony M. Jabbour sold 145,000 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $75.89, for a total value of $11,004,050.00. Following the transaction, the chief operating officer now owns 301,754 shares of the company’s stock, valued at $22,900,111.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James W. Woodall sold 30,918 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $69.10, for a total value of $2,136,433.80. Following the completion of the transaction, the chief financial officer now directly owns 125,840 shares in the company, valued at approximately $8,695,544. The disclosure for this sale can be found here. Company insiders own 2.29% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. Royal London Asset Management Ltd. raised its position in Fidelity National Information Services by 0.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 101,703 shares of the company’s stock worth $6,201,000 after buying an additional 401 shares during the last quarter. Norges Bank bought a new position in Fidelity National Information Services during the fourth quarter worth about $145,488,000. Chevy Chase Trust Holdings Inc. raised its position in Fidelity National Information Services by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 235,942 shares of the company’s stock worth $14,937,000 after buying an additional 4,270 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in Fidelity National Information Services by 8.1% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 67,222 shares of the company’s stock worth $4,256,000 after buying an additional 5,037 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Fidelity National Information Services by 3.4% in the first quarter. Fisher Asset Management LLC now owns 276,014 shares of the company’s stock worth $17,681,000 after buying an additional 9,066 shares during the last quarter. 86.68% of the stock is currently owned by institutional investors and hedge funds.

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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