Fidelity National Information Servcs Inc (FIS) Shares Sold by Honeywell International Inc.

Fidelity National Information Servcs Inc (FIS) Shares Sold by Honeywell International Inc.

Honeywell International Inc. reduced its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 24.3% during the first quarter, Holdings Channel reports. The firm owned 158,400 shares of the information technology services provider’s stock after selling 50,800 shares during the period. Honeywell International Inc.’s holdings in Fidelity National Information Servcs were worth $12,612,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FIS. Bessemer Group Inc. boosted its stake in Fidelity National Information Servcs by 21.6% in the fourth quarter. Bessemer Group Inc. now owns 1,329 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 236 shares during the period. Financial Architects Inc boosted its stake in Fidelity National Information Servcs by 30.2% in the third quarter. Financial Architects Inc now owns 1,359 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 315 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Fidelity National Information Servcs by 7,464.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 105,140 shares of the information technology services provider’s stock valued at $105,000 after buying an additional 103,750 shares during the period. North Star Investment Management Corp. boosted its stake in Fidelity National Information Servcs by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock valued at $116,000 after buying an additional 75 shares during the period. Finally, WFG Advisors LP boosted its stake in Fidelity National Information Servcs by 37.2% in the fourth quarter. WFG Advisors LP now owns 1,622 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 440 shares during the period. Institutional investors and hedge funds own 87.30% of the company’s stock.

Fidelity National Information Servcs Inc (NYSE:FIS) traded down 0.56% on Friday, reaching $83.05. The company had a trading volume of 1,542,428 shares. Fidelity National Information Servcs Inc has a 52 week low of $68.03 and a 52 week high of $84.97. The company has a market capitalization of $27.31 billion, a P/E ratio of 48.20 and a beta of 0.84. The stock’s 50-day moving average is $81.28 and its 200-day moving average is $79.03.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company earned $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Fidelity National Information Servcs had a return on equity of 13.03% and a net margin of 6.15%. Fidelity National Information Servcs’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. Equities research analysts forecast that Fidelity National Information Servcs Inc will post $4.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.40%. Fidelity National Information Servcs’s dividend payout ratio is currently 60.12%.

Several research firms have weighed in on FIS. Zacks Investment Research cut Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Credit Suisse Group AG reiterated a “buy” rating and issued a $88.00 price objective on shares of Fidelity National Information Servcs in a report on Thursday, April 27th. Goldman Sachs Group Inc cut Fidelity National Information Servcs from a “buy” rating to a “neutral” rating and set a $86.00 price objective for the company. in a report on Monday, March 27th. Cantor Fitzgerald reiterated a “buy” rating and issued a $89.00 price objective on shares of Fidelity National Information Servcs in a report on Tuesday. Finally, Compass Point cut Fidelity National Information Servcs from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $86.00 to $83.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.95.

In other Fidelity National Information Servcs news, SVP Kathleen T. Thompson sold 3,200 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $82.21, for a total transaction of $263,072.00. Following the completion of the sale, the senior vice president now owns 8,573 shares in the company, valued at $704,786.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frank R. Martire sold 219,017 shares of the company’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $80.02, for a total value of $17,525,740.34. Following the sale, the director now owns 219,272 shares of the company’s stock, valued at approximately $17,546,145.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 637,398 shares of company stock valued at $51,730,186. 2.29% of the stock is owned by company insiders.

Fidelity National Information Servcs 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.

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