Investors Sell Fidelity National Information Servcs (FIS) on Strength (FIS)

Traders sold shares of Fidelity National Information Servcs Inc (NYSE:FIS) on strength during trading on Thursday. $16.99 million flowed into the stock on the tick-up and $44.85 million flowed out of the stock on the tick-down, for a money net flow of $27.86 million out of the stock. Of all stocks tracked, Fidelity National Information Servcs had the 0th highest net out-flow for the day. Fidelity National Information Servcs traded up $0.34 for the day and closed at $107.68

FIS has been the subject of a number of research reports. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Friday, August 3rd. SunTrust Banks increased their price target on Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Citigroup dropped their price target on Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. ValuEngine upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, Wood & Company increased their price target on Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Fidelity National Information Servcs has a consensus rating of “Buy” and an average price target of $117.50.

The stock has a market capitalization of $35.15 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.34 and a quick ratio of 1.34.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. Fidelity National Information Servcs’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. Equities analysts predict that Fidelity National Information Servcs Inc will post 5.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio is currently 28.96%.

In related news, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the completion of the transaction, the director now directly owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David K. Hunt sold 17,922 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $106.38, for a total value of $1,906,542.36. Following the transaction, the director now directly owns 24,989 shares of the company’s stock, valued at $2,658,329.82. The disclosure for this sale can be found here. 2.08% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. bought a new position in shares of Fidelity National Information Servcs in the 3rd quarter worth about $114,000. Price Capital Management Inc. bought a new position in shares of Fidelity National Information Servcs in the 3rd quarter worth about $120,000. Valeo Financial Advisors LLC raised its position in shares of Fidelity National Information Servcs by 139.7% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the information technology services provider’s stock worth $117,000 after acquiring an additional 655 shares in the last quarter. Fort L.P. bought a new position in shares of Fidelity National Information Servcs in the 2nd quarter worth about $121,000. Finally, Rational Advisors LLC raised its position in shares of Fidelity National Information Servcs by 1,676.5% in the 2nd quarter. Rational Advisors LLC now owns 1,439 shares of the information technology services provider’s stock worth $153,000 after acquiring an additional 1,358 shares in the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.

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Fidelity National Information Servcs Company Profile (NYSE:FIS)

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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