Investors bought shares of Fidelity National Information Services Inc. (NYSE:FIS) on weakness during trading hours on Thursday. $45.66 million flowed into the stock on the tick-up and $18.04 million flowed out of the stock on the tick-down, for a money net flow of $27.62 million into the stock. Of all equities tracked, Fidelity National Information Services had the 16th highest net in-flow for the day. Fidelity National Information Services traded down ($0.17) for the day and closed at $77.83

A number of research analysts have weighed in on FIS shares. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Goldman Sachs Group Inc. boosted their target price on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, May 3rd. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $80.00 target price on shares of Fidelity National Information Services in a research note on Monday, April 11th. Royal Bank Of Canada boosted their target price on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 4th. Finally, Sterne Agee CRT raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Wednesday, May 11th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $78.41.

The company has a market cap of $25.41 billion and a PE ratio of 40.47. The company has a 50-day moving average of $74.58 and a 200 day moving average of $66.39.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The company earned $2.20 billion during the quarter, compared to analyst estimates of $2.25 billion. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 EPS. Equities research analysts anticipate that Fidelity National Information Services Inc. will post $3.80 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, June 14th.

In related news, Director James B. Stallings, Jr. sold 1,038 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 7,771 shares in the company, valued at $561,532.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David K. Hunt sold 14,738 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $72.54, for a total transaction of $1,069,094.52. Following the completion of the sale, the director now owns 49,705 shares of the company’s stock, valued at approximately $3,605,600.70. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in FIS. Jennison Associates LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $1,020,000. Brown Advisory Inc. increased its position in Fidelity National Information Services by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 21,804 shares of the company’s stock valued at $1,322,000 after buying an additional 126 shares during the period. BOKF NA increased its position in Fidelity National Information Services by 14.2% in the fourth quarter. BOKF NA now owns 23,239 shares of the company’s stock valued at $1,409,000 after buying an additional 2,888 shares during the period. Advantus Capital Management Inc increased its position in 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 valued at $1,619,000 after buying an additional 323 shares during the period. Finally, Whitebox Advisors LLC acquired a new position in Fidelity National Information Services during the fourth quarter valued at $1,982,000.

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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