Fidelity National Information Services, Inc. (NYSE:FIS) Stock Holdings Boosted by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its position in Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 40.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,489 shares of the information technology services provider’s stock after buying an additional 3,284 shares during the period. Zions Bancorporation N.A.’s holdings in Fidelity National Information Services were worth $1,154,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. AllSquare Wealth Management LLC raised its position in Fidelity National Information Services by 26.9% in the first quarter. AllSquare Wealth Management LLC now owns 462 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 98 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Fidelity National Information Services by 1.4% in the 1st quarter. Ameritas Advisory Services LLC now owns 7,154 shares of the information technology services provider’s stock worth $718,000 after purchasing an additional 100 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Fidelity National Information Services by 1.4% during the first quarter. Benjamin Edwards Inc. now owns 7,501 shares of the information technology services provider’s stock valued at $753,000 after purchasing an additional 101 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Fidelity National Information Services by 15.5% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 758 shares of the information technology services provider’s stock worth $83,000 after buying an additional 102 shares in the last quarter. Finally, West Family Investments Inc. grew its position in Fidelity National Information Services by 0.6% in the fourth quarter. West Family Investments Inc. now owns 16,342 shares of the information technology services provider’s stock worth $1,784,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Keith W. Hughes sold 5,337 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $100.28, for a total transaction of $535,194.36. Following the transaction, the director now owns 24,194 shares of the company’s stock, valued at approximately $2,426,174.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Fidelity National Information Services news, Director Keith W. Hughes sold 5,337 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.28, for a total transaction of $535,194.36. Following the transaction, the director now owns 24,194 shares in the company, valued at $2,426,174.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Lenore D. Williams sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the sale, the executive vice president now owns 21,334 shares of the company’s stock, valued at $2,133,400. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Fidelity National Information Services Stock Down 1.2 %

Shares of Fidelity National Information Services stock opened at $89.79 on Friday. The stock has a 50-day simple moving average of $96.46 and a 200-day simple moving average of $97.36. Fidelity National Information Services, Inc. has a 52-week low of $85.00 and a 52-week high of $130.17. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 65.07, a P/E/G ratio of 0.87 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.69.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.01. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the company earned $1.61 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 7.07 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.88 annualized dividend and a yield of 2.09%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 136.23%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered Fidelity National Information Services from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $96.00 to $88.00 in a research note on Thursday. Robert W. Baird increased their price target on Fidelity National Information Services from $120.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup cut their price objective on Fidelity National Information Services to $128.00 in a report on Tuesday, August 9th. Evercore ISI upgraded shares of Fidelity National Information Services from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $115.00 to $135.00 in a report on Monday, June 13th. Finally, Oppenheimer cut their price target on shares of Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating on the stock in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.33.

About Fidelity National Information Services

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

Further Reading

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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