Canaccord Genuity began coverage on shares of Fidelity National Information Servcs (NYSE:FIS) in a research note published on Thursday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $151.00 target price on the information technology services provider’s stock.

Several other research analysts have also issued reports on the company. Atlantic Securities began coverage on Fidelity National Information Servcs in a research report on Tuesday, September 3rd. They issued an overweight rating and a $175.00 price target on the stock. Wedbush set a $150.00 price target on Fidelity National Information Servcs and gave the stock an outperform rating in a research report on Wednesday, August 7th. Susquehanna Bancshares began coverage on Fidelity National Information Servcs in a research report on Friday, May 31st. They issued a positive rating and a $140.00 price target on the stock. ValuEngine lowered Fidelity National Information Servcs from a buy rating to a hold rating in a research report on Friday, August 2nd. Finally, Northcoast Research restated a neutral rating on shares of Fidelity National Information Servcs in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $146.30.

Shares of NYSE:FIS traded down $2.58 during midday trading on Thursday, hitting $130.86. The company had a trading volume of 223,033 shares, compared to its average volume of 3,388,424. Fidelity National Information Servcs has a 12 month low of $94.53 and a 12 month high of $141.35. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67. The stock has a market cap of $80.58 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.45 and a beta of 0.65. The firm has a fifty day simple moving average of $135.01 and a 200 day simple moving average of $121.41.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, hitting 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 period last year, the company earned $1.23 EPS. The firm’s revenue was up .3% on a year-over-year basis. Equities analysts forecast that Fidelity National Information Servcs will post 6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.40 annualized dividend and a yield of 1.07%. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

In other Fidelity National Information Servcs news, Director Lisa Hook sold 6,000 shares of Fidelity National Information Servcs 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 directly owns 6,797 shares in the company, valued at $925,343.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Stephanie Ferris sold 40,855 shares of Fidelity National Information Servcs stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $134.33, for a total value of $5,488,052.15. Following the transaction, the chief operating officer now owns 60,054 shares in the company, valued at $8,067,053.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,422 shares of company stock worth $22,643,781. Corporate insiders own 1.43% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Fidelity National Information Servcs by 0.6% in the 2nd quarter. BlackRock Inc. now owns 25,907,690 shares of the information technology services provider’s stock valued at $3,178,354,000 after purchasing an additional 154,910 shares during the period. Vanguard Group Inc. raised its stake in shares of Fidelity National Information Servcs by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 25,196,366 shares of the information technology services provider’s stock valued at $3,091,089,000 after purchasing an additional 131,170 shares during the period. Longview Partners Guernsey LTD raised its stake in shares of Fidelity National Information Servcs by 8.8% in the 2nd quarter. Longview Partners Guernsey LTD now owns 10,023,146 shares of the information technology services provider’s stock valued at $1,229,640,000 after purchasing an additional 810,835 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Fidelity National Information Servcs by 1.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,485,794 shares of the information technology services provider’s stock valued at $908,326,000 after purchasing an additional 126,241 shares during the period. Finally, Morgan Stanley raised its stake in shares of Fidelity National Information Servcs by 7.7% in the 2nd quarter. Morgan Stanley now owns 5,660,192 shares of the information technology services provider’s stock valued at $694,394,000 after purchasing an additional 403,302 shares during the period. 92.69% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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