Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein Acquires 701 Shares

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Fidelity National Information Services Stock Down 0.0 %

Shares of FIS stock traded down $0.01 on Friday, hitting $78.70. The stock had a trading volume of 3,149,965 shares, compared to its average volume of 2,464,283. Fidelity National Information Services, Inc. has a 52-week low of $58.24 and a 52-week high of $91.98. The firm has a market capitalization of $42.37 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 0.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50 day moving average is $83.31 and its 200-day moving average is $82.22.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm earned $0.94 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. CENTRAL TRUST Co raised its holdings in Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after acquiring an additional 10,452 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Fidelity National Information Services by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after purchasing an additional 112,842 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Fidelity National Information Services by 51.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after purchasing an additional 25,701 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Fidelity National Information Services in the third quarter valued at about $590,000. Finally, Chase Investment Counsel Corp raised its stake in Fidelity National Information Services by 52.8% during the third quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider’s stock valued at $5,509,000 after buying an additional 22,742 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen upped their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Robert W. Baird raised their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.