BlueMar Capital Management LLC Sells 40,007 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

BlueMar Capital Management LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 37.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,231 shares of the information technology services provider’s stock after selling 40,007 shares during the quarter. Fidelity National Information Services makes up 3.4% of BlueMar Capital Management LLC’s investment portfolio, making the stock its 12th largest position. BlueMar Capital Management LLC’s holdings in Fidelity National Information Services were worth $3,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in FIS. Laurel Wealth Advisors Inc. raised its holdings in shares of Fidelity National Information Services by 1.5% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock valued at $756,000 after acquiring an additional 111 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Fidelity National Information Services by 3.8% during the 1st quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock valued at $311,000 after buying an additional 112 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 130 shares in the last quarter. Shaker Investments LLC OH raised its holdings in shares of Fidelity National Information Services by 1.6% during the 4th quarter. Shaker Investments LLC OH now owns 11,948 shares of the information technology services provider’s stock valued at $811,000 after buying an additional 183 shares in the last quarter. Finally, Horrell Capital Management Inc. raised its holdings in shares of Fidelity National Information Services by 0.6% during the 1st quarter. Horrell Capital Management Inc. now owns 29,514 shares of the information technology services provider’s stock valued at $1,603,000 after buying an additional 184 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FIS shares. Robert W. Baird decreased their price objective on Fidelity National Information Services from $80.00 to $75.00 in a report on Monday, July 3rd. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. Morgan Stanley decreased their price target on Fidelity National Information Services from $79.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, August 3rd. Mizuho decreased their price target on Fidelity National Information Services from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Finally, Atlantic Securities upgraded Fidelity National Information Services from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.70.

Insider Transactions at Fidelity National Information Services

In other news, Director Ellen R. Alemany purchased 760 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average cost of $58.82 per share, with a total value of $44,703.20. Following the completion of the purchase, the director now owns 3,743 shares in the company, valued at $220,163.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Ellen R. Alemany purchased 760 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average cost of $58.82 per share, with a total value of $44,703.20. Following the completion of the purchase, the director now owns 3,743 shares in the company, valued at $220,163.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Erik D. Hoag sold 3,451 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $54.15, for a total value of $186,871.65. Following the transaction, the chief financial officer now directly owns 19,887 shares of the company’s stock, valued at $1,076,881.05. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services Stock Up 0.3 %

Fidelity National Information Services stock opened at $55.52 on Tuesday. The stock has a fifty day moving average of $57.86 and a 200 day moving average of $56.27. Fidelity National Information Services, Inc. has a one year low of $48.57 and a one year high of $93.90. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $32.89 billion, a PE ratio of -1.40, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. Fidelity National Information Services had a positive return on equity of 12.54% and a negative net margin of 161.74%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. Fidelity National Information Services’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 6.02 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Thursday, September 7th. Fidelity National Information Services’s dividend payout ratio (DPR) is -5.23%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.