Highland Capital Management LLC Has $724,000 Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Highland Capital Management LLC trimmed its position in Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 75.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,898 shares of the information technology services provider’s stock after selling 24,636 shares during the quarter. Highland Capital Management LLC’s holdings in Fidelity National Information Services were worth $724,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. AllSquare Wealth Management LLC raised its holdings in Fidelity National Information Services by 26.9% in the 1st quarter. AllSquare Wealth Management LLC now owns 462 shares of the information technology services provider’s stock valued at $46,000 after acquiring an additional 98 shares during the period. Ameritas Advisory Services LLC increased its holdings in shares of Fidelity National Information Services by 1.4% during the first 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 during the period. Benjamin Edwards Inc. increased its holdings in shares of 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 worth $753,000 after purchasing an additional 101 shares during the period. Carolinas Wealth Consulting LLC increased its holdings in shares of 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 purchasing an additional 102 shares during the period. Finally, West Family Investments Inc. increased its holdings in shares of Fidelity National Information Services by 0.6% during 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 purchasing an additional 105 shares during the period. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIS. Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $141.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday. Susquehanna lowered their target price on shares of Fidelity National Information Services from $176.00 to $160.00 and set a “positive” rating on the stock in a report on Tuesday, August 9th. Susquehanna Bancshares lowered their target price on shares of Fidelity National Information Services from $176.00 to $160.00 and set a “positive” rating on the stock in a report on Tuesday, August 9th. Citigroup reduced their price target on shares of Fidelity National Information Services to $128.00 in a research report on Tuesday, August 9th. Finally, Evercore ISI upgraded shares of Fidelity National Information Services from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $115.00 to $135.00 in a research report on Monday, June 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.11.

Insider Buying and Selling

In other Fidelity National Information Services news, CFO James W. Woodall sold 80,000 shares of Fidelity National Information Services stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $90.07, for a total value of $7,205,600.00. Following the completion of the sale, the chief financial officer now directly owns 131,598 shares of the company’s stock, valued at $11,853,031.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Fidelity National Information Services news, CFO James W. Woodall sold 80,000 shares of Fidelity National Information Services stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $90.07, for a total value of $7,205,600.00. Following the completion of the sale, the chief financial officer now directly owns 131,598 shares of the company’s stock, valued at $11,853,031.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Lenore D. Williams sold 2,500 shares of Fidelity National Information Services stock in a transaction on Tuesday, August 9th. The shares were 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 directly owns 21,334 shares of the company’s stock, valued at $2,133,400. The disclosure for this sale can be found here. Insiders sold 207,240 shares of company stock valued at $18,934,354 over the last quarter. Insiders own 0.68% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $80.51 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $78.77 and a 52 week high of $126.20. The firm’s fifty day moving average is $94.80 and its 200-day moving average is $96.81. The firm has a market cap of $48.95 billion, a PE ratio of 58.34, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.69.

Fidelity National Information Services (NYSE:FISGet Rating) last announced its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the firm earned $1.61 earnings per share. Fidelity National Information Services’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 7.07 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is presently 136.23%.

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.

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

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