Fidelity National Information Services, Inc. (NYSE:FIS) Director Frank R. Martire sold 400,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the sale, the director now directly owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Fidelity National Information Services, Inc. (FIS) traded down 0.62% during mid-day trading on Tuesday, hitting $89.99. The stock had a trading volume of 953,663 shares. Fidelity National Information Services, Inc. has a 1-year low of $73.25 and a 1-year high of $92.78. The stock’s 50-day moving average is $87.99 and its 200-day moving average is $83.57. The firm has a market capitalization of $29.70 billion, a PE ratio of 45.11 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. Equities analysts expect that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.29 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.29%. Fidelity National Information Services’s payout ratio is currently 58.00%.

Fidelity National Information Services announced that its Board of Directors has authorized a share buyback program on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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Several brokerages have weighed in on FIS. Zacks Investment Research cut Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reissued an “outperform” rating and set a $92.00 price objective (up from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Barclays PLC reissued an “overweight” rating and set a $102.00 price objective (up from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Credit Suisse Group reissued a “buy” rating and set a $88.00 price objective on shares of Fidelity National Information Services in a report on Thursday, April 27th. Finally, BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $92.20.

Large investors have recently modified their holdings of the company. National Pension Service increased its stake in shares of Fidelity National Information Services by 10.0% in the first quarter. National Pension Service now owns 263,688 shares of the information technology services provider’s stock worth $21,108,000 after buying an additional 23,897 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Fidelity National Information Services by 18.6% in the first quarter. Private Trust Co. NA now owns 4,966 shares of the information technology services provider’s stock worth $395,000 after buying an additional 778 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in shares of Fidelity National Information Services during the first quarter worth $637,000. Achmea Investment Management B.V. acquired a new stake in shares of Fidelity National Information Services during the first quarter worth $225,000. Finally, Neuburgh Advisers LLC increased its stake in shares of Fidelity National Information Services by 4.6% in the first quarter. Neuburgh Advisers LLC now owns 51,680 shares of the information technology services provider’s stock worth $4,115,000 after buying an additional 2,278 shares during the last quarter. Institutional investors and hedge funds own 86.70% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Insider Buying and Selling by Quarter for Fidelity National Information Services (NYSE:FIS)

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