Richard N. Massey Sells 15,282 Shares of Fidelity National Information Servcs Inc (FIS) Stock

Fidelity National Information Servcs Inc (NYSE:FIS) Director Richard N. Massey sold 15,282 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $81.94, for a total transaction of $1,252,207.08. Following the completion of the sale, the director now owns 78,942 shares in the company, valued at $6,468,507.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) opened at 81.02 on Tuesday. The firm has a market cap of $26.64 billion, a price-to-earnings ratio of 47.02 and a beta of 0.84. The stock’s 50 day moving average is $81.40 and its 200-day moving average is $78.10. Fidelity National Information Servcs Inc has a 12-month low of $61.25 and a 12-month high of $83.86.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, February 7th. The company reported $1.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.14. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.48 billion. Fidelity National Information Servcs had a net margin of 6.15% and a return on equity of 13.03%. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. On average, analysts anticipate that Fidelity National Information Servcs Inc will post $4.24 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, March 15th. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.26. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 60.12%.

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FIS has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $85.00 target price on shares of Fidelity National Information Servcs in a report on Sunday, January 15th. Cantor Fitzgerald set a $89.00 target price on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a report on Wednesday, December 7th. Credit Suisse Group AG upgraded shares of Fidelity National Information Servcs from a “neutral” rating to an “outperform” rating and set a $88.00 target price on the stock in a report on Wednesday, February 8th. Finally, Barclays PLC initiated coverage on shares of Fidelity National Information Servcs in a report on Wednesday, February 8th. They issued an “overweight” rating and a $91.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and a consensus price target of $87.50.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust raised its position in shares of Fidelity National Information Servcs by 0.9% in the third quarter. Parkside Financial Bank & Trust now owns 2,874 shares of the company’s stock valued at $221,000 after buying an additional 25 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Fidelity National Information Servcs by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the company’s stock valued at $676,000 after buying an additional 30 shares during the period. Great Lakes Advisors LLC raised its position in shares of Fidelity National Information Servcs by 0.7% in the third quarter. Great Lakes Advisors LLC now owns 4,943 shares of the company’s stock valued at $381,000 after buying an additional 36 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of Fidelity National Information Servcs by 1.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,715 shares of the company’s stock valued at $440,000 after buying an additional 90 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Fidelity National Information Servcs by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,816 shares of the company’s stock valued at $1,423,000 after buying an additional 93 shares during the period. 87.30% of the stock is currently owned by institutional investors.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

5 Day Chart for NYSE:FIS

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