Traders bought shares of Fidelity National Information Services Inc. (NYSE:FIS) on weakness during trading 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 companies 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

FIS has been the subject of a number of analyst reports. Goldman Sachs Group Inc. raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and increased their price objective 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. Monness Crespi & Hardt increased their price objective on Fidelity National Information Services from $76.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 11th. Compass Point initiated coverage on Fidelity National Information Services in a research note on Friday, April 15th. They set a “buy” rating and a $72.00 price objective for the company. Jefferies Group raised Fidelity National Information Services from a “hold” rating to a “buy” rating and increased their price objective for the company from $72.00 to $84.00 in a research note on Monday, May 9th. Finally, Robert W. Baird reissued a “buy” rating on shares of Fidelity National Information Services in a research note on Monday, May 16th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $78.41.

The firm’s 50-day moving average is $74.65 and its 200 day moving average is $66.52. The company has a market capitalization of $25.46 billion and a PE ratio of 40.55.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were issued a $0.26 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $1.04 annualized dividend and a yield of 1.33%.

In other Fidelity National Information Services news, Director David K. Hunt sold 14,738 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $72.54, for a total value of $1,069,094.52. Following the completion of the transaction, the director now directly owns 49,705 shares in the company, valued at approximately $3,605,600.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James W. Woodall sold 30,918 shares of the business’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $69.10, for a total value of $2,136,433.80. Following the completion of the transaction, the chief financial officer now owns 125,840 shares of the company’s stock, valued at $8,695,544. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of FIS. Wells Fargo & Company MN increased its position in shares of 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 during the period. Sei Investments Co. increased its position 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 valued at $3,943,000 after buying an additional 5,709 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position 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 valued at $28,373,000 after buying an additional 13,045 shares during the period. Brown Advisory Inc. increased 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 valued at $1,322,000 after buying an additional 126 shares during the period. Finally, Edge Asset Management Inc. increased its position in shares of Fidelity National Information Services by 295.8% in the fourth quarter. Edge Asset Management Inc. now owns 178,374 shares of the company’s stock valued at $10,810,000 after buying an additional 133,304 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.