Insider Selling: Fidelity National Information Servcs Inc (FIS) Director Sells 305,500 Shares of Stock

Fidelity National Information Servcs Inc (NYSE:FIS) Director Frank R. Martire sold 305,500 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $81.96, for a total value of $25,038,780.00. Following the completion of the sale, the director now directly owns 99,633 shares of the company’s stock, valued at $8,165,920.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) traded down 0.99% during trading on Monday, hitting $81.02. The stock had a trading volume of 1,719,578 shares. The stock has a market cap of $26.64 billion, a price-to-earnings ratio of 47.02 and a beta of 0.84. Fidelity National Information Servcs Inc has a one year low of $61.25 and a one year high of $83.86. The stock’s 50-day moving average price is $81.40 and its 200 day moving average price is $78.10.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 7th. The company reported $1.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.14. Fidelity National Information Servcs had a net margin of 6.15% and a return on equity of 13.03%. The company earned $2.40 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, equities analysts forecast that Fidelity National Information Servcs Inc will post $4.24 EPS for the current year.

Insider Buying and Selling by Quarter for Fidelity National Information Servcs (NYSE:FIS)

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.43%. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 15th. Fidelity National Information Servcs’s dividend payout ratio is 60.12%.

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Several analysts recently weighed in on the company. Cantor Fitzgerald set a $89.00 price objective on Fidelity National Information Servcs and gave the company a “buy” rating in a report on Tuesday, February 7th. BMO Capital Markets assumed coverage on Fidelity National Information Servcs in a report on Thursday, January 5th. They issued an “outperform” rating and a $92.00 price objective for the company. Zacks Investment Research lowered Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $85.00 price objective on shares of Fidelity National Information Servcs in a report on Sunday, January 15th. Finally, Credit Suisse Group AG raised Fidelity National Information Servcs from a “neutral” rating to an “outperform” rating and set a $88.00 price objective for the company in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Fidelity National Information Servcs has a consensus rating of “Buy” and an average target price of $86.84.

A number of large investors have recently added to or reduced their stakes in FIS. Norges Bank purchased a new stake in Fidelity National Information Servcs during the fourth quarter worth about $174,638,000. Tesco Pension Investment Ltd bought a new position in shares of Fidelity National Information Servcs during the third quarter worth approximately $151,680,000. Columbus Circle Investors raised its position in shares of Fidelity National Information Servcs by 683.7% in the third quarter. Columbus Circle Investors now owns 1,256,323 shares of the company’s stock worth $96,775,000 after buying an additional 1,096,021 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Fidelity National Information Servcs by 469.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,167,401 shares of the company’s stock worth $88,302,000 after buying an additional 962,300 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Fidelity National Information Servcs by 11.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,617,722 shares of the company’s stock worth $663,823,000 after buying an additional 917,848 shares in the last quarter. Institutional investors own 87.30% of the company’s stock.

Fidelity National Information Servcs Company Profile

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.

5 Day Chart for NYSE:FIS

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