Fidelity National Information Services Inc. (NYSE:FIS) shares gapped up prior to trading on Thursday . The stock had previously closed at $79.62, but opened at $79.85. Fidelity National Information Services shares last traded at $80.47, with a volume of 699,514 shares changing hands.

A number of research analysts have issued reports on FIS shares. Compass Point assumed coverage on Fidelity National Information Services in a report on Friday, April 15th. They issued a “buy” rating and a $72.00 price target for the company. Goldman Sachs Group Inc. upped their target price on 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. Royal Bank Of Canada upped their target price on 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. Zacks Investment Research raised Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Thursday, May 5th. Finally, Jefferies Group raised Fidelity National Information Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $72.00 to $84.00 in a research note on Monday, May 9th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $84.84.

The firm has a 50-day moving average price of $76.79 and a 200-day moving average price of $68.51. The firm has a market capitalization of $26.39 billion and a price-to-earnings ratio of 55.02.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The company earned $2.30 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 49.0% on a year-over-year basis. On average, equities analysts predict that Fidelity National Information Services Inc. will post $3.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, September 14th.

In other Fidelity National Information Services news, Director David K. Hunt sold 10,133 shares of Fidelity National Information Services stock in a transaction on Monday, June 6th. The shares were sold at an average price of $75.30, for a total transaction of $763,014.90. Following the completion of the sale, the director now owns 45,100 shares of the company’s stock, valued at approximately $3,396,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James B. Stallings, Jr. sold 1,038 shares of Fidelity National Information Services stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $72.26, for a total transaction of $75,005.88. Following the sale, the director now directly owns 7,771 shares of the company’s stock, valued at approximately $561,532.46. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in FIS. Advantus Capital Management Inc raised its stake 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 worth $1,619,000 after buying an additional 323 shares in the last quarter. American International Group Inc. raised its stake in Fidelity National Information Services by 1.2% in the fourth quarter. American International Group Inc. now owns 141,747 shares of the company’s stock worth $8,591,000 after buying an additional 1,631 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in 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 in the last quarter. Mutual of America Capital Management LLC raised its stake in Fidelity National Information Services by 6.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 42,890 shares of the company’s stock worth $2,599,000 after buying an additional 2,594 shares in the last quarter. Finally, KBC Group NV raised its stake in Fidelity National Information Services by 4.0% in the fourth quarter. KBC Group NV now owns 92,563 shares of the company’s stock worth $5,609,000 after buying an additional 3,543 shares in the last quarter.

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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