Fidelity National Information Servcs Inc (FIS) Insider Sells $27,661,301.90 in Stock

Fidelity National Information Servcs Inc (NYSE:FIS) insider Gary Norcross sold 293,333 shares of Fidelity National Information Servcs stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $94.30, for a total value of $27,661,301.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Fidelity National Information Servcs Inc (NYSE FIS) traded up $1.02 during trading hours on Tuesday, reaching $96.17. The company had a trading volume of 1,144,098 shares, compared to its average volume of 1,765,500. Fidelity National Information Servcs Inc has a twelve month low of $78.89 and a twelve month high of $103.65. The firm has a market cap of $31,727.52, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.53 and a beta of 0.90. The company has a quick ratio of 1.25, a current ratio of 0.92 and a debt-to-equity ratio of 0.71.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. sell-side analysts forecast that Fidelity National Information Servcs Inc will post 5.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s payout ratio is currently 29.59%.

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Fidelity National Information Servcs from $104.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and issued a $116.00 target price on shares of Fidelity National Information Servcs in a research report on Wednesday, February 7th. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Friday. Oppenheimer lifted their target price on Fidelity National Information Servcs from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Robert W. Baird lifted their target price on Fidelity National Information Servcs from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $102.47.

A number of large investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. boosted its position in Fidelity National Information Servcs by 33.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 349,913 shares of the information technology services provider’s stock valued at $32,922,000 after purchasing an additional 87,266 shares during the period. AXA boosted its position in Fidelity National Information Servcs by 80.8% during the 4th quarter. AXA now owns 119,621 shares of the information technology services provider’s stock valued at $11,256,000 after purchasing an additional 53,465 shares during the period. Alliancebernstein L.P. boosted its position in Fidelity National Information Servcs by 2.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,020,850 shares of the information technology services provider’s stock valued at $96,052,000 after purchasing an additional 26,642 shares during the period. Polaris Greystone Financial Group LLC boosted its position in Fidelity National Information Servcs by 4.9% during the 4th quarter. Polaris Greystone Financial Group LLC now owns 242,066 shares of the information technology services provider’s stock valued at $22,776,000 after purchasing an additional 11,339 shares during the period. Finally, Geode Capital Management LLC boosted its position in Fidelity National Information Servcs by 12.7% during the 4th quarter. Geode Capital Management LLC now owns 3,867,642 shares of the information technology services provider’s stock valued at $363,203,000 after purchasing an additional 434,891 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

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About Fidelity National Information Servcs

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 Servcs (NYSE:FIS)

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