Fidelity National Information Services Inc. (NYSE:FIS)’s share price 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 changing hands.

A number of equities analysts recently commented on FIS shares. Goldman Sachs Group Inc. raised their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 3rd. Monness Crespi & Hardt lifted 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. Sterne Agee CRT upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Thursday, May 26th. Robert W. Baird reiterated a “buy” rating on shares of Fidelity National Information Services in a research note on Monday, May 16th. Finally, Jefferies Group upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and lifted their price objective for the company 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 issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $84.84.

The firm’s 50-day moving average is $78.46 and its 200 day moving average is $69.88. The company has a market cap of $26.07 billion and a P/E ratio of 54.351.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, July 26th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. During the same period in the previous year, the company earned $0.74 EPS. The company earned $2.30 billion during 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 predict that Fidelity National Information Services Inc. will post $3.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, September 14th.

In related news, Director Stephan A. James sold 24,323 shares of the stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $73.65, for a total value of $1,791,388.95. Following the completion of the transaction, the director now owns 47,819 shares of the company’s stock, valued at $3,521,869.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David K. Hunt sold 10,133 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $75.30, for a total value of $763,014.90. Following the completion of the transaction, the director now directly owns 45,100 shares of the company’s stock, valued at approximately $3,396,030. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of FIS. Jennison Associates LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $1,020,000. Marshall Wace LLP acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $2,517,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Fidelity National Information Services by 647.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,100 shares of the company’s stock worth $3,036,000 after buying an additional 43,400 shares in the last quarter. Employees Retirement System of Texas increased 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 in the last quarter. Finally, I.G. Investment Management LTD. increased 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 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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