Fidelity National Information Servcs (NYSE:FIS) had its price target lifted by Wells Fargo & Co from $117.00 to $135.00 in a research note published on Thursday, The Fly reports. Wells Fargo & Co currently has an outperform rating on the information technology services provider’s stock.

A number of other research firms also recently weighed in on FIS. Zacks Investment Research downgraded Fidelity National Information Servcs from a strong-buy rating to a hold rating in a research report on Tuesday, April 16th. SunTrust Banks downgraded Fidelity National Information Servcs from a buy rating to a hold rating and set a $106.54 price target on the stock. in a research report on Tuesday, March 19th. Guggenheim raised their price target on Fidelity National Information Servcs to $135.00 and gave the company a buy rating in a research report on Friday, March 22nd. Barclays raised their price target on Fidelity National Information Servcs from $129.00 to $135.00 and gave the company an overweight rating in a research report on Wednesday, April 10th. Finally, Raymond James started coverage on Fidelity National Information Servcs in a report on Friday, April 12th. They issued a strong-buy rating and a $131.00 price objective on the stock. Four equities research 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’s stock. The stock has an average rating of Buy and a consensus target price of $125.54.

NYSE FIS opened at $110.89 on Thursday. Fidelity National Information Servcs has a twelve month low of $93.87 and a twelve month high of $115.56. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The stock has a market cap of $35.85 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.25 and a beta of 0.74.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the business posted $1.36 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts predict that Fidelity National Information Servcs will post 7.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.35 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.26%. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. Fidelity National Information Servcs’s payout ratio is currently 26.77%.

In other news, CEO Gary Norcross sold 160,000 shares of Fidelity National Information Servcs stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $108.81, for a total value of $17,409,600.00. Following the transaction, the chief executive officer now owns 249,434 shares in the company, valued at $27,140,913.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alexandar Navab, Jr. bought 5,075 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the completion of the purchase, the director now directly owns 5,075 shares of the company’s stock, valued at $544,141.50. The disclosure for this purchase can be found here. 1.43% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sky Investment Group LLC grew its stake in shares of Fidelity National Information Servcs by 1.2% in the first quarter. Sky Investment Group LLC now owns 25,812 shares of the information technology services provider’s stock worth $2,919,000 after purchasing an additional 310 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Fidelity National Information Servcs in the first quarter worth about $36,000. Pennsylvania Trust Co grew its stake in shares of Fidelity National Information Servcs by 19.2% in the first quarter. Pennsylvania Trust Co now owns 34,082 shares of the information technology services provider’s stock worth $3,854,000 after purchasing an additional 5,497 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Fidelity National Information Servcs by 17.0% in the first quarter. IFM Investors Pty Ltd now owns 22,097 shares of the information technology services provider’s stock worth $2,499,000 after purchasing an additional 3,216 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new stake in shares of Fidelity National Information Servcs in the first quarter worth about $519,000. 90.23% of the stock is currently owned by institutional investors.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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