Mark L. Heimbouch Sells 111,586 Shares of Fidelity National Information Servcs Inc (NYSE:FIS) Stock

Fidelity National Information Servcs Inc (NYSE:FIS) insider Mark L. Heimbouch sold 111,586 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $134.28, for a total transaction of $14,983,768.08. Following the sale, the insider now owns 199,168 shares of the company’s stock, valued at $26,744,279.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE:FIS traded down $0.07 during trading on Wednesday, reaching $131.29. 4,539,001 shares of the stock were exchanged, compared to its average volume of 3,622,830. Fidelity National Information Servcs Inc has a 1-year low of $94.53 and a 1-year high of $141.35. The stock has a fifty day moving average of $135.00 and a two-hundred day moving average of $121.29. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00. The firm has a market cap of $80.12 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.78. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. Fidelity National Information Servcs’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. Sell-side analysts forecast that Fidelity National Information Servcs Inc will post 6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 26.77%.

A number of analysts have commented on the stock. Northcoast Research reaffirmed a “neutral” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, August 7th. SunTrust Banks set a $135.00 target price on Fidelity National Information Servcs and gave the company a “hold” rating in a research report on Wednesday, August 7th. Moffett Nathanson initiated coverage on Fidelity National Information Servcs in a research note on Tuesday, May 21st. They set a “buy” rating and a $147.00 target price for the company. Goldman Sachs Group initiated coverage on Fidelity National Information Servcs in a report on Thursday, July 25th. They issued a “buy” rating and a $154.00 target price for the company. Finally, Oppenheimer set a $148.00 price target on Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $146.05.

Hedge funds and other institutional investors have recently modified their holdings of the company. Redhawk Wealth Advisors Inc. acquired a new position in Fidelity National Information Servcs during the 2nd quarter valued at about $29,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Fidelity National Information Servcs in the first quarter worth approximately $29,000. Doyle Wealth Management purchased a new stake in shares of Fidelity National Information Servcs in the second quarter worth approximately $32,000. Global Retirement Partners LLC lifted its holdings in shares of Fidelity National Information Servcs by 46.6% in the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Finally, Berman Capital Advisors LLC lifted its holdings in shares of Fidelity National Information Servcs by 44.4% in the first quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Fidelity National Information Servcs Company Profile

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.

Further Reading: Growth Stocks, What They Are, What They Are Not

Insider Buying and Selling by Quarter for Fidelity National Information Servcs (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Servcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Servcs and related companies with MarketBeat.com's FREE daily email newsletter.