Fidelity National Information Services, Inc. (NYSE:FIS) Stock Holdings Lowered by Smith Salley & Associates

Smith Salley & Associates lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,424 shares of the information technology services provider’s stock after selling 153 shares during the period. Smith Salley & Associates’ holdings in Fidelity National Information Services were worth $341,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vantage Consulting Group Inc purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $25,000. Fieldpoint Private Securities LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $27,000. Concord Wealth Partners acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $27,000. Curi Capital acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $28,000. Finally, BDO Wealth Advisors LLC boosted its stake in Fidelity National Information Services by 125.3% during the fourth quarter. BDO Wealth Advisors LLC now owns 223 shares of the information technology services provider’s stock worth $32,000 after buying an additional 124 shares in the last quarter. Institutional investors own 90.53% of the company’s stock.

In other Fidelity National Information Services news, CEO Gary Norcross sold 79,131 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, March 2nd. The stock was sold at an average price of $140.29, for a total value of $11,101,287.99. Also, EVP Marc M. Mayo sold 27,409 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, April 8th. The shares were sold at an average price of $150.00, for a total value of $4,111,350.00. Following the completion of the sale, the executive vice president now owns 57,889 shares in the company, valued at $8,683,350. The disclosure for this sale can be found here. Insiders have sold a total of 266,892 shares of company stock worth $38,224,223 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Shares of NYSE FIS opened at $148.04 on Wednesday. The business’s 50 day moving average price is $149.20 and its 200 day moving average price is $141.28. The firm has a market cap of $91.80 billion, a P/E ratio of -822.44, a P/E/G ratio of 1.32 and a beta of 0.81. Fidelity National Information Services, Inc. has a 52 week low of $120.17 and a 52 week high of $156.73. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Thursday, May 6th. The information technology services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.05. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.16 billion. Fidelity National Information Services had a positive return on equity of 6.88% and a negative net margin of 0.83%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has authorized a stock buyback program on Monday, February 1st that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the information technology services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Friday, June 11th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.81%.

FIS has been the subject of a number of research analyst reports. KeyCorp cut their price target on Fidelity National Information Services from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 27th. Robert W. Baird boosted their price objective on Fidelity National Information Services from $166.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, April 21st. Barclays upped their price target on Fidelity National Information Services from $167.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday. Mizuho upped their price objective on Fidelity National Information Services from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd. Finally, Morgan Stanley increased their price target on Fidelity National Information Services from $138.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 28th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $165.24.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

Featured Story: Portfolio Manager

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS).

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.