Fidelity National Information Services, Inc. (NYSE:FIS)‘s stock had its “outperform” rating reiterated by investment analysts at Robert W. Baird in a research report issued on Tuesday. They presently have a $108.00 target price on the information technology services provider’s stock, up from their prior target price of $102.00. Robert W. Baird’s price target would indicate a potential upside of 14.15% from the company’s current price.

FIS has been the subject of a number of other reports. BidaskClub cut shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, October 3rd. Stephens reaffirmed a “positive” rating and set a $101.00 price objective (up from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Cowen and Company reaffirmed an “outperform” rating and set a $92.00 price objective (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $94.00 price objective (up from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $94.67.

Shares of Fidelity National Information Services (NYSE:FIS) traded up 0.28% during mid-day trading on Tuesday, hitting $94.61. 1,332,528 shares of the stock were exchanged. Fidelity National Information Services has a 12-month low of $73.25 and a 12-month high of $94.95. The firm has a 50-day moving average price of $92.66 and a 200 day moving average price of $87.22. The company has a market capitalization of $31.45 billion, a PE ratio of 47.42 and a beta of 0.85.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business posted $0.90 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Information Services will post $4.28 earnings per share for the current year.

Fidelity National Information Services declared that its Board of Directors has approved a stock buyback program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the information technology services provider to reacquire up to 13.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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In other news, Director James B. Stallings, Jr. sold 2,181 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the sale, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephan A. James sold 18,368 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was 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 in the company, valued at $3,896,842.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 520,549 shares of company stock valued at $47,224,679. Insiders own 2.66% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Caldera Capital LLC grew its holdings in shares of Fidelity National Information Services by 10.8% during the second quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock worth $15,493,000 after purchasing an additional 17,676 shares during the last quarter. Polaris Greystone Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 1.7% during the second quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock worth $19,587,000 after purchasing an additional 3,867 shares during the last quarter. Commerce Bank grew its holdings in shares of Fidelity National Information Services by 0.9% during the second quarter. Commerce Bank now owns 398,692 shares of the information technology services provider’s stock worth $34,048,000 after purchasing an additional 3,476 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Fidelity National Information Services by 110.3% during the second quarter. Shell Asset Management Co. now owns 75,284 shares of the information technology services provider’s stock worth $6,429,000 after purchasing an additional 39,483 shares during the last quarter. Finally, Motco grew its holdings in shares of Fidelity National Information Services by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 86.71% 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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