Fidelity National Information Services, Inc. (NYSE:FIS) Director James B. Stallings, Jr. sold 2,181 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the sale, the director now directly owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 90.55 on Tuesday. The firm has a market cap of $29.88 billion, a price-to-earnings ratio of 45.39 and a beta of 0.84. The company has a 50 day moving average of $87.57 and a 200-day moving average of $83.41. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $91.90.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, analysts expect that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.

Fidelity National Information Services declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the information technology services provider to buy up to 13.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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Several research firms have recently weighed in on FIS. BMO Capital Markets raised their price objective on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Stephens reaffirmed a “positive” rating and set a $101.00 price objective (up previously from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Cowen and Company reaffirmed a “buy” rating and set a $97.00 price objective on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Fidelity National Information Services has an average rating of “Buy” and an average price target of $92.20.

A number of institutional investors have recently modified their holdings of the stock. Barometer Capital Management Inc. bought a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $637,000. Bank of The West increased its position in shares of Fidelity National Information Services by 4.8% in the first quarter. Bank of The West now owns 20,254 shares of the information technology services provider’s stock valued at $1,612,000 after buying an additional 936 shares during the last quarter. DnB Asset Management AS increased its position in shares of Fidelity National Information Services by 5.9% in the first quarter. DnB Asset Management AS now owns 100,687 shares of the information technology services provider’s stock valued at $8,017,000 after buying an additional 5,600 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $807,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $255,000. 86.70% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Insider Buying and Selling by Quarter for Fidelity National Information Services (NYSE:FIS)

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