Harel Insurance Investments & Financial Services Ltd. Sells 5,347 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)


Share on StockTwits

Harel Insurance Investments & Financial Services Ltd. trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 69.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,333 shares of the information technology services provider’s stock after selling 5,347 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Fidelity National Information Services were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PAX Financial Group LLC boosted its holdings in Fidelity National Information Services by 2.3% in the 4th quarter. PAX Financial Group LLC now owns 3,468 shares of the information technology services provider’s stock valued at $491,000 after purchasing an additional 77 shares during the period. Foster Group Inc. lifted its position in Fidelity National Information Services by 1.9% during the first quarter. Foster Group Inc. now owns 4,130 shares of the information technology services provider’s stock valued at $581,000 after purchasing an additional 77 shares during the last quarter. Hudock Inc. raised its position in shares of Fidelity National Information Services by 48.3% during the 1st quarter. Hudock Inc. now owns 258 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 84 shares in the last quarter. Glassman Wealth Services lifted its holdings in shares of Fidelity National Information Services by 14.1% during the 4th quarter. Glassman Wealth Services now owns 689 shares of the information technology services provider’s stock worth $97,000 after acquiring an additional 85 shares during the last quarter. Finally, Scotia Capital Inc. raised its position in Fidelity National Information Services by 0.7% during the fourth quarter. Scotia Capital Inc. now owns 13,191 shares of the information technology services provider’s stock valued at $1,866,000 after purchasing an additional 87 shares in the last quarter. 90.53% of the stock is owned by hedge funds and other institutional investors.

FIS has been the subject of a number of recent research reports. Rosenblatt Securities boosted their target price on Fidelity National Information Services from $140.00 to $146.00 and gave the stock a “neutral” rating in a research report on Monday, April 26th. Mizuho upped their price objective on shares of Fidelity National Information Services from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp decreased their target price on shares of Fidelity National Information Services from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 27th. TheStreet upgraded shares of Fidelity National Information Services from a “c” rating to a “b-” rating in a research report on Friday, March 12th. Finally, Morgan Stanley lifted their price objective on Fidelity National Information Services from $138.00 to $149.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 28th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $161.04.

Shares of NYSE:FIS opened at $151.89 on Tuesday. The firm has a market capitalization of $94.49 billion, a P/E ratio of -843.83, a P/E/G ratio of 1.32 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50 day moving average price of $148.10 and a 200-day moving average price of $140.95. Fidelity National Information Services, Inc. has a 52-week low of $120.17 and a 52-week high of $156.73.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, February 8th. The information technology services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Fidelity National Information Services had a positive return on equity of 6.88% and a negative net margin of 0.83%. The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company earned $1.57 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, June 11th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, June 10th. Fidelity National Information Services’s payout ratio is currently 27.81%.

Fidelity National Information Services announced that its board has approved a share buyback plan on Monday, February 1st that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the information technology services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Asif Ramji sold 29,992 shares of the firm’s stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $138.32, for a total transaction of $4,148,493.44. Also, EVP Marc M. Mayo sold 27,409 shares of the company’s stock in a transaction dated Thursday, April 8th. The stock was sold at an average price of $150.00, for a total transaction of $4,111,350.00. Following the completion of the transaction, the executive vice president now owns 57,889 shares in the company, valued at approximately $8,683,350. The disclosure for this sale can be found here. In the last 90 days, insiders sold 266,892 shares of company stock worth $38,224,223. Corporate insiders own 0.70% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

Featured Story: Outperform Rating

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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