James B. Stallings, Jr. Sells 2,181 Shares of Fidelity National Information Services, Inc. (FIS) Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director James B. Stallings, Jr. sold 2,181 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.32, for a total value of $196,987.92. Following the completion of the sale, the director now directly owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fidelity National Information Services, Inc. (NYSE:FIS) traded up 0.29% during midday trading on Friday, reaching $89.83. The company’s stock had a trading volume of 3,093,610 shares. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $92.78. The firm has a market cap of $29.86 billion, a P/E ratio of 45.03 and a beta of 0.84. The firm has a 50 day moving average price of $89.40 and a 200-day moving average price of $84.31.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

The company also recently declared 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. This represents a $1.16 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

Fidelity National Information Services announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire up to 13.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

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FIS has been the subject of a number of research reports. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, July 12th. Cantor Fitzgerald restated a “buy” rating and set a $89.00 target price on shares of Fidelity National Information Services in a report on Tuesday, May 2nd. Credit Suisse Group restated a “buy” rating and set a $88.00 target price on shares of Fidelity National Information Services in a report on Thursday, April 27th. BidaskClub upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Barclays PLC restated a “buy” rating and set a $94.00 target price on shares of Fidelity National Information Services in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $92.20.

Large investors have recently made changes to their positions in the stock. Park National Corp OH bought a new stake in shares of Fidelity National Information Services during the first quarter worth $205,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Fidelity National Information Services by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 287,043 shares of the information technology services provider’s stock worth $22,855,000 after buying an additional 9,339 shares during the last quarter. Creative Planning raised its stake in shares of Fidelity National Information Services by 7.1% in the first quarter. Creative Planning now owns 36,695 shares of the information technology services provider’s stock worth $2,922,000 after buying an additional 2,440 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Fidelity National Information Services by 3.8% in the first quarter. Quadrant Capital Group LLC now owns 2,241 shares of the information technology services provider’s stock worth $174,000 after buying an additional 83 shares during the last quarter. Finally, National Pension Service raised 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. 86.37% of the stock is currently owned by hedge funds and other institutional investors.

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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