Fidelity National Information Servcs Inc (NYSE:FIS) Director David K. Hunt sold 17,922 shares of Fidelity National Information Servcs stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $106.38, for a total transaction of $1,906,542.36. Following the completion of the transaction, the director now directly owns 24,989 shares in the company, valued at approximately $2,658,329.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NYSE:FIS opened at $107.10 on Monday. The company has a market cap of $35.14 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 1.70 and a beta of 0.89. Fidelity National Information Servcs Inc has a twelve month low of $88.97 and a twelve month high of $109.95. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.02. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.12 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. Fidelity National Information Servcs’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. equities research analysts expect that Fidelity National Information Servcs Inc will post 5.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, September 13th. Fidelity National Information Servcs’s dividend payout ratio is presently 28.96%.

A number of large investors have recently added to or reduced their stakes in FIS. BlackRock Inc. boosted its holdings in shares of Fidelity National Information Servcs by 15.6% in the 2nd quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock valued at $2,771,982,000 after acquiring an additional 3,530,593 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Fidelity National Information Servcs by 4.4% in the 2nd quarter. Wells Fargo & Company MN now owns 4,671,821 shares of the information technology services provider’s stock valued at $495,353,000 after acquiring an additional 196,434 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Fidelity National Information Servcs by 18.4% in the 2nd quarter. Voya Investment Management LLC now owns 4,524,231 shares of the information technology services provider’s stock valued at $479,704,000 after acquiring an additional 701,796 shares during the last quarter. Boston Partners boosted its holdings in shares of Fidelity National Information Servcs by 2.2% in the 2nd quarter. Boston Partners now owns 3,994,347 shares of the information technology services provider’s stock valued at $423,521,000 after acquiring an additional 86,862 shares during the last quarter. Finally, Findlay Park Partners LLP lifted its stake in shares of Fidelity National Information Servcs by 39.4% in the 2nd quarter. Findlay Park Partners LLP now owns 3,625,000 shares of the information technology services provider’s stock valued at $384,359,000 after purchasing an additional 1,025,000 shares during the period. 86.95% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on FIS shares. Cantor Fitzgerald lifted their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Zacks Investment Research downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Wolfe Research started coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Credit Suisse Group boosted their target price on shares of Fidelity National Information Servcs from $113.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 9th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $114.55.

About Fidelity National Information Servcs

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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