Fidelity National Information Services, Inc. (NYSE:FIS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Robert W. Baird in a report released on Friday. They presently have a $102.00 target price on the information technology services provider’s stock. Robert W. Baird’s price objective would suggest a potential upside of 10.51% from the stock’s current price.

A number of other research analysts have also weighed in on FIS. Barclays PLC reissued an “overweight” rating and set a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday, August 9th. Stephens reissued a “positive” rating and set a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Cowen and Company reissued a “buy” rating and set a $97.00 target price on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Services has an average rating of “Buy” and a consensus price target of $92.87.

Fidelity National Information Services (NYSE:FIS) traded down 0.25% during midday trading on Friday, hitting $92.30. The stock had a trading volume of 1,061,118 shares. Fidelity National Information Services has a 1-year low of $73.25 and a 1-year high of $93.29. The firm has a market capitalization of $30.68 billion, a price-to-earnings ratio of 46.27 and a beta of 0.84. The firm has a 50-day moving average price of $91.00 and a 200-day moving average price of $85.50.

Fidelity National Information Services (NYSE:FIS) last posted 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 firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. On average, equities research analysts anticipate that Fidelity National Information Services will post $4.28 earnings per share for the current year.

Fidelity National Information Services announced that its board has authorized a share repurchase plan 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 repurchase up to 13.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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In other news, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephan A. James sold 18,368 shares of the company’s stock in a transaction on 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. Over the last quarter, insiders have sold 420,549 shares of company stock valued at $37,988,679. Corporate insiders own 2.66% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FIS. Guardian Life Insurance Co. of America lifted its position in shares of Fidelity National Information Services by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after acquiring an additional 9 shares during the period. WFG Advisors LP lifted its position in shares of Fidelity National Information Services by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after acquiring an additional 593 shares during the period. Motco lifted its position in shares of Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after acquiring an additional 131 shares during the period. BB&T Investment Services Inc. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $103,000. Finally, Morgan Dempsey Capital Management LLC lifted its position in shares of Fidelity National Information Services by 3.6% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Fidelity National Information Services Company Profile

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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