Gregory G. Montana Sells 58,547 Shares of Fidelity National Information Services, Inc. (FIS) Stock

Fidelity National Information Services, Inc. (NYSE:FIS) EVP Gregory G. Montana sold 58,547 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $92.54, for a total transaction of $5,417,939.38. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Fidelity National Information Services, Inc. (NYSE FIS) traded up $0.09 on Tuesday, hitting $92.85. 1,561,500 shares of the stock traded hands, compared to its average volume of 1,518,411. Fidelity National Information Services, Inc. has a twelve month low of $73.97 and a twelve month high of $96.67. The firm has a market capitalization of $30,969.64, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.87.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.12. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. sell-side analysts forecast that Fidelity National Information Services, Inc. will post 4.41 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. Fidelity National Information Services’s dividend payout ratio (DPR) is 71.60%.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Fidelity National Information Services by 10.5% during the second quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock worth $1,984,199,000 after buying an additional 2,208,363 shares during the period. Vanguard Group Inc. boosted its stake in shares of Fidelity National Information Services by 3.3% during the second quarter. Vanguard Group Inc. now owns 22,545,037 shares of the information technology services provider’s stock worth $1,925,346,000 after buying an additional 726,796 shares during the period. Longview Partners Guernsey LTD boosted its stake in shares of Fidelity National Information Services by 5.5% during the third quarter. Longview Partners Guernsey LTD now owns 10,025,942 shares of the information technology services provider’s stock worth $936,323,000 after buying an additional 521,300 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Fidelity National Information Services by 4.8% during the second quarter. Wells Fargo & Company MN now owns 5,380,794 shares of the information technology services provider’s stock worth $459,519,000 after buying an additional 245,431 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Fidelity National Information Services by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 4,870,184 shares of the information technology services provider’s stock worth $415,887,000 after buying an additional 69,174 shares during the period. Institutional investors and hedge funds own 86.15% of the company’s stock.

A number of equities analysts recently commented on the stock. Barclays PLC boosted their target price on shares of Fidelity National Information Services from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Robert W. Baird reiterated an “outperform” rating and set a $108.00 target price (up previously from $102.00) on shares of Fidelity National Information Services in a research note on Tuesday, October 10th. Credit Suisse Group AG reiterated an “outperform” rating and set a $108.00 target price (up previously from $100.00) on shares of Fidelity National Information Services in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co lowered their target price on shares of Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $98.38.

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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