Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV trimmed its position in Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 19.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,235 shares of the information technology services provider’s stock after selling 1,014 shares during the quarter. Resources Management Corp CT ADV’s holdings in Fidelity National Information Services were worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FIS. Toroso Investments LLC purchased a new stake in shares of Fidelity National Information Services in the 1st quarter valued at approximately $4,251,000. Chicago Partners Investment Group LLC raised its stake in shares of Fidelity National Information Services by 3.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 6,732 shares of the information technology services provider’s stock valued at $651,000 after acquiring an additional 233 shares during the period. Capital International Ltd. CA raised its stake in shares of Fidelity National Information Services by 0.4% in the 1st quarter. Capital International Ltd. CA now owns 52,636 shares of the information technology services provider’s stock valued at $5,286,000 after acquiring an additional 199 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of Fidelity National Information Services by 141.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 14,008 shares of the information technology services provider’s stock valued at $1,407,000 after acquiring an additional 8,205 shares during the period. Finally, Golden State Equity Partners purchased a new stake in shares of Fidelity National Information Services in the 1st quarter valued at approximately $586,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 2.5 %

Shares of Fidelity National Information Services stock opened at $87.06 on Thursday. The company has a fifty day simple moving average of $96.29 and a 200-day simple moving average of $97.30. Fidelity National Information Services, Inc. has a 12-month low of $85.00 and a 12-month high of $126.20. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. The stock has a market cap of $52.93 billion, a price-to-earnings ratio of 63.09, a PEG ratio of 0.89 and a beta of 0.78.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.01. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.61 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 7.07 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is currently 136.23%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FIS. Wolfe Research reduced their price target on shares of Fidelity National Information Services from $165.00 to $135.00 in a research note on Wednesday, July 20th. Citigroup reduced their price target on shares of Fidelity National Information Services to $128.00 in a research note on Tuesday, August 9th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $145.00 to $125.00 in a research note on Monday, July 11th. Evercore ISI raised shares of Fidelity National Information Services from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $135.00 in a research note on Monday, June 13th. Finally, Susquehanna cut their target price on shares of Fidelity National Information Services from $176.00 to $160.00 and set a “positive” rating on the stock in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.33.

Insider Buying and Selling

In related news, CEO Gary Norcross sold 80,000 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $90.89, for a total transaction of $7,271,200.00. Following the completion of the sale, the chief executive officer now owns 846,643 shares in the company, valued at approximately $76,951,382.27. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Lenore D. Williams sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the completion of the sale, the executive vice president now owns 21,334 shares in the company, valued at approximately $2,133,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary Norcross sold 80,000 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $90.89, for a total transaction of $7,271,200.00. Following the completion of the sale, the chief executive officer now owns 846,643 shares of the company’s stock, valued at approximately $76,951,382.27. The disclosure for this sale can be found here. Insiders sold a total of 207,240 shares of company stock worth $18,934,354 in the last 90 days. Company insiders own 0.68% of the company’s stock.

About Fidelity National Information Services

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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 enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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

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