Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,785 shares of the information technology services provider’s stock after purchasing an additional 2,110 shares during the period. State of Alaska Department of Revenue’s holdings in Fidelity National Information Services were worth $8,047,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Fidelity National Information Services by 69.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,575 shares of the information technology services provider’s stock worth $560,000 after purchasing an additional 2,290 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Fidelity National Information Services by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 81,271 shares of the information technology services provider’s stock worth $8,161,000 after purchasing an additional 851 shares in the last quarter. AlphaCrest Capital Management LLC raised its stake in shares of Fidelity National Information Services by 32.6% during the 1st quarter. AlphaCrest Capital Management LLC now owns 18,159 shares of the information technology services provider’s stock worth $1,824,000 after purchasing an additional 4,469 shares in the last quarter. First Hawaiian Bank raised its stake in shares of Fidelity National Information Services by 36.6% during the 1st quarter. First Hawaiian Bank now owns 8,581 shares of the information technology services provider’s stock worth $862,000 after purchasing an additional 2,301 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of Fidelity National Information Services by 3.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 22,432 shares of the information technology services provider’s stock valued at $2,253,000 after acquiring an additional 738 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $84.26 on Monday. The stock’s fifty day simple moving average is $95.77 and its 200 day simple moving average is $97.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market cap of $51.23 billion, a price-to-earnings ratio of 61.06, a P/E/G ratio of 0.82 and a beta of 0.78. Fidelity National Information Services, Inc. has a one year low of $82.98 and a one year high of $126.20.

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

Fidelity National Information Services Dividend Announcement

The business 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 $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.23%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is 136.23%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, CEO Gary Norcross sold 80,000 shares of Fidelity National Information Services stock in a transaction on Friday, September 9th. The stock was sold at an average price of $90.89, for a total value of $7,271,200.00. Following the completion of the transaction, 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 filing with the SEC, which is available at the SEC website. In other Fidelity National Information Services news, CEO Gary Norcross sold 80,000 shares of Fidelity National Information Services stock in a transaction on Friday, September 9th. The stock was sold at an average price of $90.89, for a total value of $7,271,200.00. Following the completion of the transaction, 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 filing with the SEC, which is available at the SEC website. Also, EVP Lenore D. Williams sold 2,500 shares of Fidelity National Information Services 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 transaction, the executive vice president now owns 21,334 shares of the company’s stock, valued at approximately $2,133,400. The disclosure for this sale can be found here. Insiders have sold a total of 207,240 shares of company stock valued at $18,934,354 in the last 90 days. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIS. Citigroup cut their price objective on Fidelity National Information Services to $128.00 in a research note on Tuesday, August 9th. Wells Fargo & Company downgraded Fidelity National Information Services from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $96.00 to $88.00 in a research note on Thursday, September 8th. Keefe, Bruyette & Woods downgraded Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Sunday. Oppenheimer cut their price objective on Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating on the stock in a research note on Monday, July 25th. Finally, Mizuho lowered their target price on 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, five have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.33.

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.

See Also

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

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