Fidelity National Information Services Inc. (NYSE:FIS) shares gapped up before the market opened on Tuesday . The stock had previously closed at $79.32, but opened at $79.51. Fidelity National Information Services shares last traded at $79.96, with a volume of 260,270 shares traded.

FIS has been the subject of several analyst reports. Zacks Investment Research cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Monness Crespi & Hardt increased their price target on Fidelity National Information Services from $76.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, July 11th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $85.00 price target (up previously from $80.00) on shares of Fidelity National Information Services in a research report on Monday, July 25th. Jefferies Group raised Fidelity National Information Services from a “hold” rating to a “buy” rating and increased their price target for the company from $72.00 to $84.00 in a research report on Monday, May 9th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Fidelity National Information Services in a research report on Monday, May 16th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $84.84.

The stock has a market capitalization of $26.25 billion and a PE ratio of 54.73. The stock’s 50 day moving average price is $78.32 and its 200-day moving average price is $69.81.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.04 annualized dividend and a yield of 1.30%.

In other news, CFO James W. Woodall sold 30,918 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 125,840 shares of the company’s stock, valued at approximately $8,695,544. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Oates sold 86,571 shares of the company’s stock in a transaction dated 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 in the company, valued at $14,548,337.10. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in FIS. Marshall Wace LLP acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth about $2,517,000. Jennison Associates LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth about $1,020,000. RS Investment Management Co. LLC raised its position in shares of Fidelity National Information Services by 48.0% in the fourth quarter. RS Investment Management Co. LLC now owns 682,281 shares of the company’s stock worth $41,346,000 after buying an additional 221,200 shares during the last quarter. Employees Retirement System of Texas raised its position in shares of 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 worth $4,145,000 after buying an additional 11,500 shares during the last quarter. Finally, I.G. Investment Management LTD. raised its position in shares of Fidelity National Information Services by 101.8% in the fourth quarter. I.G. Investment Management LTD. now owns 92,452 shares of the company’s stock worth $5,603,000 after buying an additional 46,631 shares during 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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