Fidelity National Information Services, Inc. (NYSE:FIS) Director James B. Stallings, Jr. sold 8,486 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $91.87, for a total value of $779,608.82. Following the transaction, the director now directly owns 12,317 shares of the company’s stock, valued at $1,131,562.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Fidelity National Information Services, Inc. (FIS) opened at $92.85 on Tuesday. The firm has a market capitalization of $30,969.64, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25. Fidelity National Information Services, Inc. has a 52-week low of $73.97 and a 52-week high of $96.67.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. equities analysts predict that Fidelity National Information Services, Inc. will post 4.41 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 71.60%.

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Several large investors have recently made changes to their positions in FIS. Meritage Group LP acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $303,878,000. Janus Henderson Group PLC lifted its position in shares of Fidelity National Information Services by 253.1% during the 2nd quarter. Janus Henderson Group PLC now owns 4,500,969 shares of the information technology services provider’s stock valued at $384,370,000 after acquiring an additional 3,226,198 shares during the last quarter. BlackRock Inc. lifted its position in shares of Fidelity National Information Services by 10.5% during the 2nd quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after acquiring an additional 2,208,363 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $176,220,000. Finally, Voya Investment Management LLC lifted its position in shares of Fidelity National Information Services by 80.3% during the 2nd quarter. Voya Investment Management LLC now owns 2,912,478 shares of the information technology services provider’s stock valued at $248,726,000 after acquiring an additional 1,297,225 shares during the last quarter. Institutional investors own 86.15% of the company’s stock.

Several equities analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $108.00 target price on shares of Fidelity National Information Services in a report on Sunday. KeyCorp reissued a “buy” rating on shares of Fidelity National Information Services in a report on Wednesday, November 1st. Oppenheimer Holdings, Inc. increased their price objective on Fidelity National Information Services from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. J P Morgan Chase & Co decreased their price objective on Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $108.00 price objective (up from $100.00) on shares of Fidelity National Information Services in a report on Wednesday, November 1st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Services has an average rating of “Buy” and a consensus price target of $98.38.

About Fidelity National Information Services

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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