Shares of Fidelity National Information Services Inc. (NYSE:FIS) gapped up before the market opened 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 analysts recently commented on the company. Zacks Investment Research downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. RBC Capital Markets reissued an “outperform” rating and set a $89.00 price objective (up from $80.00) on shares of Fidelity National Information Services in a report on Wednesday, July 27th. JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Citigroup Inc. increased their price objective on Fidelity National Information Services from $79.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, Stephens reissued a “buy” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $84.84.

The stock has a market cap of $26.24 billion and a price-to-earnings ratio of 54.71. The firm’s 50 day moving average price is $76.97 and its 200-day moving average price is $68.66.

Fidelity National Information Services (NYSE:FIS) last announced its 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. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Fidelity National Information Services’s quarterly revenue was up 49.0% on a year-over-year basis. Analysts forecast that Fidelity National Information Services Inc. will post $3.82 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.04 dividend on an annualized basis and a yield of 1.30%.

In other news, EVP Michael P. Oates sold 86,571 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $73.26, for a total value of $6,342,191.46. Following the completion of the sale, the executive vice president now directly owns 198,585 shares in the company, valued at approximately $14,548,337.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David K. Hunt sold 14,738 shares of the company’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 sale, the director now owns 49,705 shares of the company’s stock, valued at $3,605,600.70. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of the company. Jennison Associates LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $1,020,000. 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 valued at $1,619,000 after buying an additional 323 shares during the period. Marshall Wace LLP bought a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $2,517,000. 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 valued at $2,599,000 after buying an additional 2,594 shares during the period. Finally, Employees Retirement System of Texas raised its stake in Fidelity National Information Services by 20.2% in the fourth quarter. Employees Retirement System of Texas now owns 68,400 shares of the company’s stock valued at $4,145,000 after buying an additional 11,500 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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