Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.4% in the second quarter, HoldingsChannel reports. The fund owned 32,763 shares of the information technology services provider’s stock after selling 807 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Fidelity National Information Services were worth $2,469,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FIS. Vanguard Group Inc. lifted its stake in Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. FIL Ltd lifted its stake in Fidelity National Information Services by 27.3% during the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after purchasing an additional 2,758,049 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Fidelity National Information Services by 6.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock valued at $505,956,000 after purchasing an additional 537,180 shares during the last quarter. Norges Bank acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $478,594,000. Finally, Parnassus Investments LLC lifted its stake in Fidelity National Information Services by 15.3% during the fourth quarter. Parnassus Investments LLC now owns 4,522,916 shares of the information technology services provider’s stock valued at $271,692,000 after purchasing an additional 598,902 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $83.48 on Thursday. The company’s fifty day moving average is $77.88 and its 200-day moving average is $74.75. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $83.61. The firm has a market cap of $45.54 billion, a price-to-earnings ratio of -8.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business posted $1.55 EPS. Fidelity National Information Services’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIS. Barclays increased their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. TD Cowen boosted their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.65.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.