Fidelity National Information Services, Inc. (NYSE:FIS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities analysts have also commented on the company. Goldman Sachs Group, Inc. (The) lowered Fidelity National Information Services from a “buy” rating to a “neutral” rating and set a $86.00 price objective on the stock. in a research note on Monday, March 27th. Zacks Investment Research lowered Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Compass Point lowered Fidelity National Information Services from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $86.00 to $83.00 in a research note on Wednesday, May 3rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $89.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, May 2nd. Finally, Barclays PLC reiterated a “buy” rating and issued a $94.00 price objective on shares of Fidelity National Information Services in a research note on Monday, May 15th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $88.47.

Fidelity National Information Services (FIS) traded up 1.44% during midday trading on Friday, hitting $86.78. The stock had a trading volume of 1,808,762 shares. The company’s 50-day moving average price is $84.92 and its 200 day moving average price is $81.44. The stock has a market cap of $28.69 billion, a P/E ratio of 44.30 and a beta of 0.83. Fidelity National Information Services has a 12-month low of $73.25 and a 12-month high of $87.32.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, May 2nd. The information technology services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Fidelity National Information Services had a return on equity of 13.14% and a net margin of 6.99%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities research analysts predict that Fidelity National Information Services will post $4.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.16 annualized dividend and a yield of 1.34%. Fidelity National Information Services’s dividend payout ratio is 58.88%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/08/fidelity-national-information-services-inc-nysefis-raised-to-buy-at-bidaskclub.html.

In related news, insider Gary Norcross sold 250,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $83.06, for a total transaction of $20,765,000.00. Following the transaction, the insider now directly owns 557,699 shares in the company, valued at $46,322,478.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael P. Oates sold 266,712 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $82.79, for a total value of $22,081,086.48. Following the transaction, the executive vice president now owns 312,828 shares in the company, valued at $25,899,030.12. The disclosure for this sale can be found here. Insiders have sold 746,501 shares of company stock worth $61,960,326 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new position in shares of Fidelity National Information Services during the first quarter valued at about $255,000. Private Trust Co. NA increased its stake in Fidelity National Information Services by 18.6% in the first quarter. Private Trust Co. NA now owns 4,966 shares of the information technology services provider’s stock worth $395,000 after buying an additional 778 shares during the last quarter. Capstone Asset Management Co. increased its stake in Fidelity National Information Services by 5.1% in the first quarter. Capstone Asset Management Co. now owns 34,200 shares of the information technology services provider’s stock worth $2,723,000 after buying an additional 1,670 shares during the last quarter. Legacy Private Trust Co. increased its stake in Fidelity National Information Services by 5.0% in the first quarter. Legacy Private Trust Co. now owns 3,252 shares of the information technology services provider’s stock worth $259,000 after buying an additional 154 shares during the last quarter. Finally, National Pension Service increased its stake in Fidelity National Information Services by 10.0% in the first quarter. National Pension Service now owns 263,688 shares of the information technology services provider’s stock worth $21,108,000 after buying an additional 23,897 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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)

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.