Fidelity National Information Servcs Inc (FIS) CEO Gary Norcross Sells 88,016 Shares of Stock

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Fidelity National Information Servcs Inc (NYSE:FIS) CEO Gary Norcross sold 88,016 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $108.56, for a total value of $9,555,016.96. Following the transaction, the chief executive officer now directly owns 183,887 shares in the company, valued at $19,962,772.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gary Norcross also recently made the following trade(s):

  • On Friday, February 15th, Gary Norcross sold 160,000 shares of Fidelity National Information Servcs stock. The shares were sold at an average price of $108.81, for a total value of $17,409,600.00.

FIS stock traded down $0.13 during midday trading on Friday, hitting $106.99. The stock had a trading volume of 26,917 shares, compared to its average volume of 2,000,498. The stock has a market cap of $35.06 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.20 and a beta of 0.77. Fidelity National Information Servcs Inc has a 52-week low of $93.71 and a 52-week high of $110.83. The company has a quick ratio of 1.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.85.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. Equities research analysts expect that Fidelity National Information Servcs Inc will post 7.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.31%. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 14th. Fidelity National Information Servcs’s dividend payout ratio is presently 24.47%.

A number of hedge funds have recently modified their holdings of FIS. Whittier Trust Co. grew its stake in shares of Fidelity National Information Servcs by 5.4% in the fourth quarter. Whittier Trust Co. now owns 1,843 shares of the information technology services provider’s stock worth $189,000 after acquiring an additional 95 shares during the last quarter. Keybank National Association OH grew its stake in shares of Fidelity National Information Servcs by 2.7% in the fourth quarter. Keybank National Association OH now owns 4,457 shares of the information technology services provider’s stock worth $457,000 after acquiring an additional 118 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Fidelity National Information Servcs by 1.1% in the fourth quarter. Annex Advisory Services LLC now owns 10,668 shares of the information technology services provider’s stock worth $1,094,000 after acquiring an additional 119 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Fidelity National Information Servcs by 64.4% in the third quarter. Cornerstone Advisors Inc. now owns 319 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 125 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of Fidelity National Information Servcs by 1.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 7,603 shares of the information technology services provider’s stock worth $780,000 after acquiring an additional 125 shares during the last quarter. 87.40% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on FIS shares. Citigroup reduced their target price on Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Cantor Fitzgerald boosted their target price on Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. Zacks Investment Research cut Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Goldman Sachs Group raised Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and boosted their target price for the company from $108.00 to $128.00 in a research note on Tuesday, December 11th. Finally, ValuEngine raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $120.70.

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Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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