Insider Traded: Fidelity National Information Servcs Inc (FIS) Director Sold 219,017 Shares of Shares

Insider Traded: Fidelity National Information Servcs Inc (FIS) Director Sold 219,017 Shares of Shares

Fidelity National Information Servcs Inc (NYSE:FIS) Director Frank R. Martire sold 219,017 shares of the 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 in the company, valued at approximately $17,546,145.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) traded down 0.15% during midday trading on Tuesday, hitting $80.29. The company had a trading volume of 2,454,271 shares. The firm has a market capitalization of $26.40 billion, a P/E ratio of 46.60 and a beta of 0.84. Fidelity National Information Servcs Inc has a 1-year low of $62.05 and a 1-year high of $83.86. The stock has a 50 day moving average price of $81.54 and a 200 day moving average price of $78.11.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, February 7th. The company reported $1.14 EPS for the quarter, hitting analysts’ consensus estimates of $1.14. Fidelity National Information Servcs had a net margin of 6.15% and a return on equity of 13.03%. The business earned $2.40 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 30.4% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Information Servcs Inc will post $4.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a dividend of $0.29 per share. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. Fidelity National Information Servcs’s payout ratio is presently 60.12%.

Several large investors have recently modified their holdings of FIS. Norges Bank acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth about $174,638,000. WFG Advisors LP increased its stake in shares of Fidelity National Information Servcs by 37.2% in the fourth quarter. WFG Advisors LP now owns 1,622 shares of the company’s stock worth $122,000 after buying an additional 440 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Fidelity National Information Servcs by 0.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 82,085 shares of the company’s stock worth $6,209,000 after buying an additional 320 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth about $300,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth about $732,000. 87.30% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on FIS. William Blair began coverage on Fidelity National Information Servcs in a research report on Tuesday. They set an “outperform” rating on the stock. Goldman Sachs Group Inc downgraded Fidelity National Information Servcs from a “buy” rating to a “neutral” rating and set a $86.00 target price on the stock. in a research report on Monday. Credit Suisse Group AG upgraded Fidelity National Information Servcs from a “neutral” rating to an “outperform” rating and set a $88.00 target price on the stock in a research report on Wednesday, February 8th. Barclays PLC began coverage on Fidelity National Information Servcs in a research report on Wednesday, February 8th. They set an “overweight” rating and a $91.00 target price on the stock. Finally, Cantor Fitzgerald set a $89.00 target price on Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and a consensus price target of $87.56.

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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