Fidelity National Information Services (NYSE:FIS) Director Kourtney Gibson Acquires 1,800 Shares of Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Kourtney Gibson acquired 1,800 shares of the stock in a transaction on Friday, November 6th. The shares were acquired at an average price of $29.00 per share, with a total value of $52,200.00. Following the purchase, the director owned 5,903 shares in the company, valued at $171,187. This represents a 43.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Fidelity National Information Services Stock Down 0.1%

Shares of Fidelity National Information Services stock opened at $28.30 on Wednesday. The business has a 50-day moving average price of $35.72 and a 200 day moving average price of $42.82. Fidelity National Information Services, Inc. has a fifty-two week low of $27.93 and a fifty-two week high of $68.37. The firm has a market cap of $14.59 billion, a P/E ratio of 4.22, a P/E/G ratio of 0.35 and a beta of 0.84. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.93.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.01. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. Fidelity National Information Services’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 earnings per share. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.85 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, December 14th. Fidelity National Information Services’s payout ratio is presently 26.27%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered Fidelity National Information Services from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $53.00 to $37.00 in a report on Thursday, November 5th. Wolfe Research lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 5th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $50.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, November 5th. Truist Financial dropped their price target on shares of Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, October 23rd. Finally, Cantor Fitzgerald reduced their price target on shares of Fidelity National Information Services from $45.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday. Six analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.76.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIS. Private Advisor Group LLC acquired a new position in Fidelity National Information Services during the third quarter valued at $516,000. Landscape Capital Management L.L.C. acquired a new stake in Fidelity National Information Services during the 3rd quarter worth about $340,000. Voya Investment Management LLC boosted its position in Fidelity National Information Services by 0.8% during the 3rd quarter. Voya Investment Management LLC now owns 102,890 shares of the information technology services provider’s stock worth $3,385,000 after acquiring an additional 853 shares during the period. South Dakota Investment Council grew its stake in Fidelity National Information Services by 115.5% during the 3rd quarter. South Dakota Investment Council now owns 557,684 shares of the information technology services provider’s stock valued at $18,348,000 after acquiring an additional 298,900 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Fidelity National Information Services by 10.6% in the 3rd quarter. HighTower Advisors LLC now owns 23,695 shares of the information technology services provider’s stock valued at $780,000 after purchasing an additional 2,268 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.