Investors sold shares of Fidelity National Information Services Inc. (NYSE:FIS) on strength during trading hours on Wednesday. $16.67 million flowed into the stock on the tick-up and $51.39 million flowed out of the stock on the tick-down, for a money net flow of $34.72 million out of the stock. Of all equities tracked, Fidelity National Information Services had the 0th highest net out-flow for the day. Fidelity National Information Services traded up $0.55 for the day and closed at $77.12

Several analysts recently issued reports on FIS shares. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Wedbush started coverage on shares of Fidelity National Information Services in a research note on Thursday, September 8th. They set an “outperform” rating and a $92.00 target price for the company. Monness Crespi & Hardt upped their target price on shares of Fidelity National Information Services from $76.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 11th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $85.00 target price (up from $80.00) on shares of Fidelity National Information Services in a research note on Monday, July 25th. Finally, Deutsche Bank AG upped their target price on shares of Fidelity National Information Services from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $85.21.

The stock has a market capitalization of $25.28 billion, a price-to-earnings ratio of 52.71 and a beta of 0.92. The stock has a 50 day moving average price of $78.79 and a 200 day moving average price of $72.52.

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Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, July 26th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Fidelity National Information Services had a net margin of 5.75% and a return on equity of 12.37%. The business earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the business earned $0.74 earnings per share. The firm’s revenue was up 49.0% on a year-over-year basis. On average, equities analysts expect that Fidelity National Information Services Inc. will post $3.82 earnings per share for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.04 dividend on an annualized basis and a yield of 1.35%. Fidelity National Information Services’s dividend payout ratio (DPR) is 68.87%.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 1,038 shares of the business’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $72.26, for a total transaction of $75,005.88. Following the completion of the transaction, the director now owns 7,771 shares of the company’s stock, valued at $561,532.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith W. Hughes sold 10,133 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $80.05, for a total value of $811,146.65. Following the transaction, the director now directly owns 33,158 shares of the company’s stock, valued at approximately $2,654,297.90. The disclosure for this sale can be found here. Company insiders own 2.29% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. NN Investment Partners Holdings N.V. acquired a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $105,000. Daiwa SB Investments Ltd. increased its position in shares of 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 valued at $107,000 after buying an additional 110 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $130,000. Point72 Asia Hong Kong Ltd increased its position in shares of 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 valued at $133,000 after buying an additional 1,600 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Fidelity National Information Services by 5.7% in the second quarter. Quadrant Capital Group LLC now owns 2,165 shares of the company’s stock valued at $155,000 after buying an additional 116 shares during the last quarter. 86.65% 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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