Fidelity National Information Services (NYSE:FIS) Stock: Insider Kourtney Gibson Buys 1,800 Shares

Fidelity National Information Services, Inc. (NYSE:FIS) Director Kourtney Gibson bought 1,800 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average cost of $29.00 per share, with a total value of $52,200.00. Following the completion of the transaction, the director owned 5,903 shares in the company, valued at $171,187. The trade was a 43.87% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Fidelity National Information Services Trading Down 0.1%

FIS traded down $0.04 during midday trading on Tuesday, hitting $28.30. 9,208,195 shares of the company were exchanged, compared to its average volume of 6,330,187. The firm has a market capitalization of $14.63 billion, a P/E ratio of 4.22, a P/E/G ratio of 0.36 and a beta of 0.84. Fidelity National Information Services, Inc. has a 1-year low of $27.93 and a 1-year high of $68.37. The firm’s 50 day moving average price is $35.97 and its 200-day moving average price is $42.99. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.93.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.01. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Fidelity National Information Services had a return on equity of 20.42% and a net margin of 26.77%. The business’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.51 earnings per share. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.85 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, December 14th. This represents a $1.76 annualized dividend and a yield of 6.2%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 26.27%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 10th. William Blair downgraded shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. lowered shares of Fidelity National Information Services from an “overweight” rating to a “neutral” rating and set a $38.00 target price on the stock. in a report on Wednesday, November 4th. UBS Group reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Thursday, November 5th. Finally, The Goldman Sachs Group decreased their price target on Fidelity National Information Services from $44.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Six equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.76.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. Voya Investment Management LLC boosted its position in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Voya Investment Management LLC now owns 102,890 shares of the information technology services provider’s stock worth $3,385,000 after purchasing an additional 853 shares in the last quarter. South Dakota Investment Council increased its position in Fidelity National Information Services by 115.5% in the 3rd quarter. South Dakota Investment Council now owns 557,684 shares of the information technology services provider’s stock valued at $18,348,000 after buying an additional 298,900 shares in the last quarter. HighTower Advisors LLC raised its stake in Fidelity National Information Services by 10.6% during the 3rd quarter. HighTower Advisors LLC now owns 23,695 shares of the information technology services provider’s stock worth $780,000 after buying an additional 2,268 shares during the period. Intech Investment Management LLC raised its stake in Fidelity National Information Services by 32.2% during the 3rd quarter. Intech Investment Management LLC now owns 175,317 shares of the information technology services provider’s stock worth $5,768,000 after buying an additional 42,720 shares during the period. Finally, Bessemer Group Inc. raised its stake in Fidelity National Information Services by 69.3% during the 3rd quarter. Bessemer Group Inc. now owns 25,502 shares of the information technology services provider’s stock worth $838,000 after buying an additional 10,440 shares during the period. 96.23% of the stock is owned by institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.