Fidelity National Information Services, Inc. (NYSE:FIS) EVP Gregory G. Montana sold 58,547 shares of Fidelity National Information Services stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $92.54, for a total transaction of $5,417,939.38. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) opened at $93.20 on Friday. The company has a market cap of $31,230.06, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.77 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 12-month low of $73.97 and a 12-month 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, topping the consensus estimate of $1.06 by $0.12. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. equities analysts forecast that Fidelity National Information Services, Inc. will post 4.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio is 71.60%.

Fidelity National Information Services announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 13.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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A number of hedge funds have recently made changes to their positions in FIS. WFG Advisors LP raised its position in Fidelity National Information Services by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after acquiring an additional 593 shares during the period. Motco raised its position in Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after acquiring an additional 131 shares during the period. BB&T Investment Services Inc. bought a new stake in Fidelity National Information Services in the second quarter worth about $103,000. IFP Advisors Inc raised its position in Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 84 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Fidelity National Information Services by 77.0% in the second quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 626 shares during the period. 86.15% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on FIS shares. BidaskClub cut shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Tuesday, October 3rd. Stephens reiterated a “positive” rating and set a $101.00 price objective (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Credit Suisse Group reiterated an “outperform” rating and set 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. Finally, J P Morgan Chase & Co cut their price target on shares of Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $98.38.

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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