Fidelity National Information Servcs Inc (NYSE:FIS) EVP Gregory G. Montana sold 50,354 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $105.46, for a total transaction of $5,310,332.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of FIS stock traded down $1.17 during trading hours on Friday, reaching $104.62. 1,516,829 shares of the company’s stock were exchanged, compared to its average volume of 1,111,527. Fidelity National Information Servcs Inc has a 1 year low of $92.12 and a 1 year high of $110.83. The firm has a market capitalization of $34.64 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.69 and a beta of 0.91. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 1.34.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 earnings per share. As a group, equities analysts forecast that Fidelity National Information Servcs Inc will post 5.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.22%. Fidelity National Information Servcs’s dividend payout ratio is currently 28.96%.

A number of brokerages have commented on FIS. Barclays began coverage on shares of Fidelity National Information Servcs in a report on Wednesday, November 14th. They issued an “overweight” rating and a $129.00 target price for the company. Cantor Fitzgerald boosted their target price on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 31st. Citigroup reduced their target price on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. ValuEngine upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Finally, Wood & Company boosted their price target on Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Fidelity National Information Servcs has an average rating of “Buy” and a consensus price target of $118.67.

A number of hedge funds and other institutional investors have recently modified their holdings of FIS. Xact Kapitalforvaltning AB boosted its position in Fidelity National Information Servcs by 7.1% in the second quarter. Xact Kapitalforvaltning AB now owns 74,736 shares of the information technology services provider’s stock valued at $7,924,000 after buying an additional 4,985 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Fidelity National Information Servcs by 254.9% in the second quarter. Assenagon Asset Management S.A. now owns 617,668 shares of the information technology services provider’s stock valued at $65,491,000 after buying an additional 443,624 shares during the last quarter. Calamos Advisors LLC boosted its position in Fidelity National Information Servcs by 4.8% in the second quarter. Calamos Advisors LLC now owns 257,474 shares of the information technology services provider’s stock valued at $27,300,000 after buying an additional 11,812 shares during the last quarter. Edge Wealth Management LLC purchased a new stake in Fidelity National Information Servcs in the second quarter valued at approximately $180,000. Finally, Oakbrook Investments LLC purchased a new stake in Fidelity National Information Servcs in the second quarter valued at approximately $1,342,000. Hedge funds and other institutional investors own 88.13% of the company’s stock.

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Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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