74,418 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 74,418 shares of the information technology services provider’s stock, valued at approximately $53,000.

Several other hedge funds also recently bought and sold shares of FIS. Brown Brothers Harriman & Co. increased its position in Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after buying an additional 130 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Fidelity National Information Services by 298.7% during the first quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider’s stock worth $30,000 after buying an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC increased its position in Fidelity National Information Services by 248.3% during the first quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock worth $31,000 after buying an additional 221 shares in the last quarter. Tcwp LLC purchased a new position in Fidelity National Information Services during the first quarter worth $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Fidelity National Information Services during the first quarter worth $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 21,334 shares of the company’s stock, valued at $2,133,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 value of $7,271,200.00. Following the completion of the transaction, the chief executive officer now directly owns 846,643 shares of the company’s stock, 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. Also, EVP Lenore D. Williams sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was 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 directly owns 21,334 shares of the company’s stock, valued at $2,133,400. The disclosure for this sale can be found here. Insiders sold a total of 207,240 shares of company stock valued at $18,934,354 over the last three months. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Fidelity National Information Services from $102.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, June 30th. Oppenheimer lowered their price objective on Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating for the company in a research report on Monday, July 25th. Evercore ISI raised Fidelity National Information Services from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $115.00 to $135.00 in a research report on Monday, June 13th. Citigroup lowered their price objective on Fidelity National Information Services to $128.00 in a research report on Tuesday, August 9th. Finally, Truist Financial lowered their price target on Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.82.

Fidelity National Information Services Trading Up 0.1 %

NYSE:FIS opened at $80.51 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.69. Fidelity National Information Services, Inc. has a one year low of $78.77 and a one year high of $126.20. The business’s 50-day simple moving average is $94.80 and its 200 day simple moving average is $96.81. The stock has a market cap of $48.95 billion, a price-to-earnings ratio of 58.34, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Fidelity National Information Services (NYSE:FISGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.03. The firm had revenue of $3.72 billion during 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 period in the previous year, the company earned $1.61 earnings per share. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 7.07 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is currently 136.23%.

Fidelity National Information Services Profile

(Get Rating)

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.

Further Reading

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

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