ProShare Advisors LLC trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 2.3% in the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 117,203 shares of the IT services provider after selling 2,741 shares during the quarter. ProShare Advisors LLC’s holdings in Fidelity National Information Services were worth $11,769,000 at the end of the last quarter.
A number of other hedge funds have also recently increased or reduced their stakes in the company. FinTrust Capital Advisors LLC increased its holdings of Fidelity National Information Services stock by 248.3% in the first quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology service provider valued at $31,000 after acquiring 221 additional shares during the period. Tcwp LLC bought a new stake in Fidelity National Information Services in Q1 for $33,000. Covestor Ltd acquired a new stake in Fidelity National Information Services during the 4th quarter for a value of $35,000. Hazlett Burt & Watson Inc. bought a new position in Fidelity National Information Services during Q1 worth $35,000. Finally, Curi Wealth Management LLC increased its equity stake in Fidelity National Information Services by 100.5% in the first quarter. Curi Wealth Management LLC now owns 407 shares of the information technology service provider valued at $40,000 after buying 204 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.51% of the company’s shares.
Fidelity National News Services Price Performance
NYSE FIS shares opened at $100.10 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt ratio of 0.25. The company’s 50-day moving average price is $96.83 and its 200-day moving average price is $98.77. Fidelity National Information Services, Inc. has a 52 week minimum of $85.00 and a 52 week maximum of $130.55. The stock has a market capitalization of $60.86 billion, a price/earnings ratio of 72.54, a PEG ratio of 0.97 and a beta of 0.76.
Fidelity National Information Services (NYSE:FIS – Get Rating) last released its quarterly results on Thursday, August 4. The information technology service provider reported EPS of $1.73 for the quarter, beating the consensus estimate of $1.72 by $0.01. Fidelity National Information Services posted a net margin of 5.88% and a return on equity of 8.95%. The company posted revenue of $3.72 billion for the quarter, versus analyst estimates of $3.67 billion. In the same period a year earlier, the company had earned earnings per share of $1.61. The company’s quarterly revenue increased 7.0% year over year. As a group, research analysts expect Fidelity National Information Services, Inc. to post earnings per share of 7.07 for the current fiscal year.
Fidelity National Information Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Friday, September 16 will receive a dividend of $0.47. The ex-dividend date is Thursday, September 15. This represents an annualized dividend of $1.88 and a dividend yield of 1.88%. Fidelity National Information Services’ dividend payout ratio is currently 136.23%.
Changes to analyst ratings
A number of stock analysts have recently released reports on FIS stocks. Wells Fargo & Company downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and lowered its price target for the stock from $132.00 to $101.00 in a Thursday report July 14th. Wolfe Research lowered its target price on Fidelity National Information Services from $165.00 to $135.00 in a Wednesday, July 20 report. Goldman Sachs Group began covering Fidelity’s national news services in a report on Tuesday, May 17. They set a “buy” rating and a price target of $128.00 for the company. Oppenheimer lowered his price target on Fidelity National Information Services stock from $126.00 to $118.00 and set an “outperform” rating on the stock in a Monday, July 25 research note. Finally, Citigroup cut its price target on Fidelity National Information Services stock to $128.00 in a Tuesday, Aug. 9 research note. Five investment analysts gave the stock a hold rating, twenty issued a buy rating and one gave the company’s stock a high buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.74.
Insider Activity at Fidelity National Information Services
Separately, Executive Vice President Lenore D. Williams sold 2,500 shares of the company in a trade dated Tuesday, August 9. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now owns 21,334 shares of the company, valued at approximately $2,133,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Company insiders hold 0.68% of the company’s shares.
About Fidelity National Information Services
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Fidelity National Information Services, Inc. provides technology solutions to merchants, banks and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions and Capital Market Solutions segments. The Merchant Solutions segment offers business acquisition, software-driven small and medium business acquisition and global e-commerce solutions.
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