Fidelity National Information Services, Inc. (NYSE:FIS) Director Stephan A. James sold 18,368 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the completion of the sale, the director now owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded up 0.23% during trading on Tuesday, reaching $90.66. 842,807 shares of the company’s stock were exchanged. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $92.78. The stock has a 50-day moving average price of $88.81 and a 200 day moving average price of $84.07. The firm has a market cap of $30.14 billion, a price-to-earnings ratio of 45.44 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. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. Fidelity National Information Services’s revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

Fidelity National Information Services announced that its board has approved a stock buyback plan on Wednesday, August 2nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the information technology services provider to buy up to 13.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

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 given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 58.00%.

ILLEGAL ACTIVITY WARNING: This report was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/08/15/fidelity-national-information-services-inc-fis-director-sells-1655691-52-in-stock.html.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Fidelity National Information Services by 3,230.2% in the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock valued at $1,674,072,000 after buying an additional 20,394,426 shares during the last quarter. Janus Henderson Group PLC raised its stake in Fidelity National Information Services by 253.1% in the second quarter. Janus Henderson Group PLC now owns 4,500,969 shares of the information technology services provider’s stock valued at $384,370,000 after buying an additional 3,226,198 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in Fidelity National Information Services during the second quarter valued at approximately $176,220,000. Voya Investment Management LLC raised its stake in Fidelity National Information Services by 80.3% in the second quarter. Voya Investment Management LLC now owns 2,912,478 shares of the information technology services provider’s stock valued at $248,726,000 after buying an additional 1,297,225 shares during the last quarter. Finally, Crescent Grove Advisors LLC acquired a new stake in Fidelity National Information Services during the second quarter valued at approximately $106,333,000. 86.37% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on FIS shares. Stephens restated a “positive” rating and set a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Cowen and Company restated a “buy” rating and set a $97.00 price target on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BMO Capital Markets increased their price target on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Barclays PLC restated an “overweight” rating and set a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $92.20.

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)

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.