Fidelity National Information Services, Inc. (NYSE:FIS)‘s stock had its “buy” rating reiterated by analysts at KeyCorp in a research note issued on Wednesday.

Several other equities analysts have also commented on the company. Oppenheimer Holdings, Inc. upped their price target on Fidelity National Information Services from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. J P Morgan Chase & Co decreased their target price on Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday. Credit Suisse Group reissued an “outperform” rating and set a $108.00 target price (up previously from $100.00) on shares of Fidelity National Information Services in a research note on Wednesday. They noted that the move was a valuation call. Barclays PLC increased their target price on Fidelity National Information Services from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $97.19.

Fidelity National Information Services (NYSE FIS) traded up 0.65% during mid-day trading on Wednesday, hitting $93.36. The stock had a trading volume of 1,735,166 shares. Fidelity National Information Services has a one year low of $73.97 and a one year high of $96.67. The company has a market cap of $31.03 billion, a PE ratio of 46.80 and a beta of 0.85. The firm’s 50-day moving average price is $94.00 and its 200 day moving average price is $88.91.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.12. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Information Services will post $4.29 EPS for the current year.

Fidelity National Information Services declared that its board has approved a share repurchase plan on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock repurchase 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 stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the transaction, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, the chief operating officer now owns 282,689 shares in the company, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 520,549 shares of company stock worth $47,224,679. Company insiders own 2.66% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its stake in Fidelity National Information Services by 21.6% during the 4th quarter. Bessemer Group Inc. now owns 1,329 shares of the information technology services provider’s stock worth $100,000 after buying an additional 236 shares during the last quarter. Guardian Life Insurance Co. of America grew its stake in 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 worth $101,000 after buying an additional 9 shares during the last quarter. WFG Advisors LP grew its stake in 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 worth $101,000 after buying an additional 593 shares during the last quarter. Motco grew its stake in 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 worth $102,000 after buying an additional 131 shares during the last quarter. Finally, BB&T Investment Services Inc. purchased a new position in Fidelity National Information Services during the 2nd quarter worth approximately $103,000. Hedge funds and other institutional investors own 86.69% 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)

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