Fidelity National Information Services Inc. (NYSE:FIS)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $76.18 and last traded at $75.95, with a volume of 1,081,802 shares changing hands. The stock had previously closed at $74.76.

FIS has been the topic of several recent analyst reports. Goldman Sachs Group Inc. upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $68.00 to $76.00 in a research note on Friday, April 1st. They noted that the move was a valuation call. Compass Point initiated coverage on Fidelity National Information Services in a research note on Friday, April 15th. They issued a “buy” rating and a $72.00 price target on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $66.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, March 15th. Jefferies Group upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $72.00 to $84.00 in a research note on Monday, May 9th. Finally, Zacks Investment Research lowered Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $77.94.

The firm has a market cap of $24.82 billion and a P/E ratio of 39.54. The stock’s 50-day moving average price is $73.75 and its 200 day moving average price is $65.41.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. The business earned $2.20 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s quarterly revenue was up 40.3% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services Inc. will post $3.80 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.37%.

In related news, Director Stephan A. James sold 24,323 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $73.65, for a total value of $1,791,388.95. Following the transaction, the director now owns 47,819 shares of the company’s stock, valued at $3,521,869.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James B. Stallings, Jr. sold 1,038 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $72.26, for a total value of $75,005.88. Following the completion of the transaction, the director now directly owns 7,771 shares in the company, valued at approximately $561,532.46. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Brown Advisory Securities LLC boosted its position in Fidelity National Information Services by 0.3% in the fourth quarter. Brown Advisory Securities LLC now owns 18,091 shares of the company’s stock worth $1,096,000 after buying an additional 59 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Fidelity National Information Services by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 21,804 shares of the company’s stock worth $1,322,000 after buying an additional 126 shares during the period. Advantus Capital Management Inc boosted its position in shares of Fidelity National Information Services by 1.2% in the fourth quarter. Advantus Capital Management Inc now owns 26,716 shares of the company’s stock worth $1,619,000 after buying an additional 323 shares during the period. Johnson Financial Group Inc. boosted its position in shares of Fidelity National Information Services by 1.0% in the fourth quarter. Johnson Financial Group Inc. now owns 63,895 shares of the company’s stock worth $3,872,000 after buying an additional 631 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Fidelity National Information Services by 5.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 37,336 shares of the company’s stock worth $2,263,000 after buying an additional 1,828 shares during the period.

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

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