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
Several research analysts have recently weighed in on FIS shares. Wolfe Research started coverage on Fidelity National Information Servcs in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. ValuEngine cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Cantor Fitzgerald upped their price objective on Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Friday, August 3rd. Finally, SunTrust Banks upped their target price on Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a report on Monday, September 24th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $117.50.
The firm has a market capitalization of $35.15 billion, a PE ratio of 21.42, a PEG 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 released its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. Fidelity National Information Servcs’s revenue was down .6% on a year-over-year basis. Equities analysts expect that Fidelity National Information Servcs Inc will post 5.22 earnings per share for the current fiscal 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 issued a dividend of $0.32 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.28 annualized dividend and a yield of 1.19%. Fidelity National Information Servcs’s payout ratio is presently 28.96%.
In other Fidelity National Information Servcs news, Director Stephan A. James sold 23,922 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total value of $2,606,780.34. Following the sale, the director now owns 41,585 shares in the company, valued at $4,531,517.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David K. Hunt sold 17,922 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $106.38, for a total value of $1,906,542.36. Following the completion of the sale, the director now owns 24,989 shares in the company, valued at approximately $2,658,329.82. The disclosure for this sale can be found here. Corporate insiders own 2.08% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FIS. Moneta Group Investment Advisors LLC bought a new stake in Fidelity National Information Servcs in the second quarter valued at approximately $114,000. Stratos Wealth Partners LTD. bought a new stake in Fidelity National Information Servcs in the third quarter valued at approximately $114,000. Valeo Financial Advisors LLC raised its stake in Fidelity National Information Servcs by 139.7% in the third quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the information technology services provider’s stock valued at $117,000 after buying an additional 655 shares during the period. Price Capital Management Inc. bought a new stake in Fidelity National Information Servcs in the third quarter valued at approximately $120,000. Finally, Fort L.P. bought a new stake in Fidelity National Information Servcs in the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.
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About Fidelity National Information Servcs (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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