Fulton Bank N.A. Has $812,000 Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Fulton Bank N.A. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,860 shares of the information technology services provider’s stock after selling 509 shares during the period. Fulton Bank N.A.’s holdings in Fidelity National Information Services were worth $812,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in Fidelity National Information Services in the fourth quarter valued at $562,481,000. Steadfast Capital Management LP lifted its holdings in Fidelity National Information Services by 11,686.3% in the first quarter. Steadfast Capital Management LP now owns 4,055,900 shares of the information technology services provider’s stock valued at $407,293,000 after buying an additional 4,021,488 shares during the period. Capital International Investors lifted its holdings in Fidelity National Information Services by 12.3% in the fourth quarter. Capital International Investors now owns 34,213,281 shares of the information technology services provider’s stock valued at $3,734,671,000 after buying an additional 3,742,833 shares during the period. Wellington Management Group LLP lifted its holdings in Fidelity National Information Services by 14.3% in the first quarter. Wellington Management Group LLP now owns 24,642,600 shares of the information technology services provider’s stock valued at $2,474,610,000 after buying an additional 3,075,338 shares during the period. Finally, BlackRock Inc. lifted its holdings in Fidelity National Information Services by 5.7% in the first quarter. BlackRock Inc. now owns 56,825,524 shares of the information technology services provider’s stock valued at $5,706,419,000 after buying an additional 3,050,900 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at Fidelity National Information Services

In related news, CEO Gary Norcross sold 80,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 846,643 shares in the company, valued at approximately $76,951,382.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fidelity National Information Services news, Director Keith W. Hughes sold 5,337 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $100.28, for a total value of $535,194.36. Following the sale, the director now directly owns 24,194 shares in the company, valued at approximately $2,426,174.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary Norcross sold 80,000 shares of the stock in a transaction that occurred 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 in the company, valued at $76,951,382.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,240 shares of company stock worth $18,934,354. 0.68% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Down 1.7 %

Fidelity National Information Services stock opened at $84.26 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $82.98 and a twelve month high of $126.20. The firm has a 50 day moving average price of $95.77 and a 200-day moving average price of $97.09. The company has a market capitalization of $51.23 billion, a P/E ratio of 61.06, a P/E/G ratio of 0.83 and a beta of 0.78. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Fidelity National Information Services (NYSE:FISGet Rating) last released its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.01. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate 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 was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 7.07 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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 dividend yield of 2.23%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s payout ratio is currently 136.23%.

Analyst Ratings Changes

FIS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $145.00 to $125.00 in a report on Monday, July 11th. Wells Fargo & Company lowered shares of Fidelity National Information Services from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $96.00 to $88.00 in a report on Thursday, September 8th. Oppenheimer dropped their price objective on shares of Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating on the stock in a report on Monday, July 25th. Susquehanna Bancshares dropped their price objective on shares of Fidelity National Information Services from $176.00 to $160.00 and set a “positive” rating on the stock in a report on Tuesday, August 9th. Finally, Mizuho dropped their price objective on shares of Fidelity National Information Services from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.33.

Fidelity National Information Services Profile

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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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