Insider Selling: Fidelity National Information Services CFO Unloads 15,000 Shares of Stock (FIS)
Fidelity National Information Services (NYSE:FIS) CFO James W. Woodall sold 15,000 shares of Fidelity National Information Services stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $54.02, for a total value of $810,300.00. Following the transaction, the chief financial officer now directly owns 43,928 shares in the company, valued at approximately $2,372,991. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Fidelity National Information Services (NYSE:FIS) remained flat at $54.15 during trading on Monday. 846,263 shares of the company’s stock traded hands. Fidelity National Information Services has a 1-year low of $42.09 and a 1-year high of $56.68. The stock’s 50-day moving average is $53.24 and its 200-day moving average is $52.74. The company has a market cap of $15.584 billion and a P/E ratio of 31.54.
Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Thursday, May 1st. The company reported $0.68 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.68. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services will post $3.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of research firms have recently commented on FIS. Analysts at Avondale Partners upgraded shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 15th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Fidelity National Information Services in a research note on Wednesday, April 2nd. They now have a $57.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Fidelity National Information Services from $47.00 to $56.00 in a research note on Monday, March 24th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $52.00.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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