Investors bought shares of Fidelity National Information Services Inc. (NYSE:FIS) on weakness during trading hours on Thursday. $36.79 million flowed into the stock on the tick-up and $22.98 million flowed out of the stock on the tick-down, for a money net flow of $13.81 million into the stock. Of all equities tracked, Fidelity National Information Services had the 20th highest net in-flow for the day. Fidelity National Information Services traded down ($0.25) for the day and closed at $76.89

Several research firms recently weighed in on FIS. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Thursday, May 5th. Avondale Partners restated a “buy” rating and set a $75.00 target price on shares of Fidelity National Information Services in a report on Sunday, March 20th. Sterne Agee CRT upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, May 26th. Royal Bank Of Canada lifted their target price on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, May 4th. Finally, Goldman Sachs Group Inc. upgraded shares of Fidelity National Information Services from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, May 4th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.41.

The firm’s 50 day moving average price is $74.23 and its 200 day moving average price is $65.96. The firm has a market capitalization of $24.99 billion and a price-to-earnings ratio of 39.80.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Tuesday, June 14th.

In related news, EVP Michael P. Oates sold 86,571 shares of the company’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $73.26, for a total transaction of $6,342,191.46. Following the completion of the sale, the executive vice president now directly owns 198,585 shares of the company’s stock, valued at approximately $14,548,337.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David K. Hunt sold 10,133 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $75.30, for a total transaction of $763,014.90. Following the sale, the director now directly owns 45,100 shares of the company’s stock, valued at $3,396,030. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Fidelity National Information Services by 65.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,917,762 shares of the company’s stock valued at $116,218,000 after buying an additional 760,849 shares in the last quarter. Brown Advisory Securities LLC increased its stake in shares of 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 during the period. First Trust Advisors LP increased its stake in shares of Fidelity National Information Services by 104.1% in the fourth quarter. First Trust Advisors LP now owns 238,213 shares of the company’s stock worth $14,436,000 after buying an additional 121,490 shares during the period. Sei Investments Co. increased its stake in shares of Fidelity National Information Services by 9.6% in the fourth quarter. Sei Investments Co. now owns 65,062 shares of the company’s stock worth $3,943,000 after buying an additional 5,709 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Fidelity National Information Services by 2.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 465,208 shares of the company’s stock worth $28,373,000 after buying an additional 13,045 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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