Fidelity National Information Servcs (NYSE:FIS) had its price objective increased by Robert W. Baird from $145.00 to $158.00 in a report issued on Monday morning, Briefing.com Automated Import reports. The brokerage currently has an outperform rating on the information technology services provider’s stock.

Several other equities analysts have also commented on the company. Barclays set a $147.00 price target on Fidelity National Information Servcs and gave the company a buy rating in a research note on Monday, August 12th. Cantor Fitzgerald upped their price target on Fidelity National Information Servcs from $134.00 to $150.00 and gave the company an overweight rating in a research note on Thursday, August 8th. SunTrust Banks set a $135.00 price target on Fidelity National Information Servcs and gave the company a hold rating in a research note on Wednesday, August 7th. Atlantic Securities started coverage on Fidelity National Information Servcs in a research note on Tuesday, September 3rd. They issued an overweight rating and a $175.00 price target on the stock. Finally, Wedbush set a $150.00 price target on Fidelity National Information Servcs and gave the company an outperform rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $146.95.

Shares of Fidelity National Information Servcs stock opened at $132.89 on Monday. Fidelity National Information Servcs has a 52 week low of $94.53 and a 52 week high of $141.35. The business’s fifty day simple moving average is $134.74 and its 200-day simple moving average is $122.15. The firm has a market cap of $80.29 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.67.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.78. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the company posted $1.23 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts expect that Fidelity National Information Servcs will post 6 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, September 12th. Fidelity National Information Servcs’s payout ratio is 26.77%.

In related news, Director Lisa Hook sold 6,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $136.14, for a total transaction of $816,840.00. Following the transaction, the director now owns 6,797 shares of the company’s stock, valued at approximately $925,343.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary L. Lauer sold 9,981 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $135.77, for a total value of $1,355,120.37. Following the transaction, the director now directly owns 18,621 shares in the company, valued at approximately $2,528,173.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 331,737 shares of company stock worth $44,517,690. 1.43% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its holdings in Fidelity National Information Servcs by 18.2% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,183,177 shares of the information technology services provider’s stock worth $267,834,000 after purchasing an additional 336,826 shares during the period. Accident Compensation Corp increased its holdings in Fidelity National Information Servcs by 306.1% during the 1st quarter. Accident Compensation Corp now owns 13,400 shares of the information technology services provider’s stock worth $1,516,000 after purchasing an additional 10,100 shares during the period. Cannell Peter B & Co. Inc. increased its holdings in Fidelity National Information Servcs by 75.2% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 438,723 shares of the information technology services provider’s stock worth $53,823,000 after purchasing an additional 188,288 shares during the period. Dana Investment Advisors Inc. purchased a new stake in Fidelity National Information Servcs during the 2nd quarter worth about $3,178,000. Finally, Commerce Bank increased its holdings in Fidelity National Information Servcs by 4.6% during the 1st quarter. Commerce Bank now owns 413,950 shares of the information technology services provider’s stock worth $46,818,000 after purchasing an additional 18,151 shares during the period. Institutional investors own 92.69% of the company’s stock.

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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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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