Insider Selling: Fidelity National Information Services, Inc. (FIS) Director Sells 18,368 Shares of Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Stephan A. James sold 18,368 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the sale, the director now directly owns 43,231 shares in the company, valued at approximately $3,896,842.34. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 90.66 on Wednesday. The stock’s 50 day moving average price is $88.97 and its 200 day moving average price is $84.15. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $92.78. The firm has a market cap of $30.14 billion, a price-to-earnings ratio of 45.44 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a stock buyback program on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 58.00%.

WARNING: This report was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://sportsperspectives.com/2017/08/16/insider-selling-fidelity-national-information-services-inc-fis-director-sells-18368-shares-of-stock.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America boosted its position in Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 9 shares during the period. Motco boosted its position in Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after buying an additional 131 shares during the period. BB&T Investment Services Inc. acquired a new position in Fidelity National Information Services during the second quarter valued at approximately $103,000. Morgan Dempsey Capital Management LLC boosted its position in Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 45 shares during the period. Finally, Financial Architects Inc boosted its position in Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 86.37% of the company’s stock.

A number of equities research analysts have issued reports on FIS shares. BidaskClub lowered Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $89.00 price target (up previously from $80.00) on shares of Fidelity National Information Services in a research report on Wednesday, May 3rd. Barclays PLC reaffirmed a “buy” rating and issued a $94.00 price target on shares of Fidelity National Information Services in a research report on Monday, May 15th. Cowen and Company reaffirmed an “outperform” rating and issued a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Finally, Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $92.20.

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)

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

Latest News

Leave a Reply