Great Valley Advisor Group Inc. boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 17.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,843 shares of the information technology services provider's stock after purchasing an additional 1,626 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Fidelity National Information Services were worth $994,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Brinker Capital Investments LLC raised its stake in Fidelity National Information Services by 1.8% in the 2nd quarter. Brinker Capital Investments LLC now owns 89,522 shares of the information technology services provider's stock worth $8,206,000 after purchasing an additional 1,549 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Fidelity National Information Services by 37.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 78,805 shares of the information technology services provider's stock worth $7,224,000 after purchasing an additional 21,391 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in Fidelity National Information Services by 19.0% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 139,564 shares of the information technology services provider's stock worth $12,794,000 after purchasing an additional 22,265 shares in the last quarter. Sabal Trust CO acquired a new stake in Fidelity National Information Services in the 2nd quarter worth about $275,000. Finally, Destiny Wealth Partners LLC raised its stake in Fidelity National Information Services by 12.7% in the 2nd quarter. Destiny Wealth Partners LLC now owns 2,161 shares of the information technology services provider's stock worth $198,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.
Get Fidelity National Information Services alerts:Fidelity National Information Services Trading Up 0.7 %
FIS opened at $77.30 on Thursday. Fidelity National Information Services, Inc. has a fifty-two week low of $75.85 and a fifty-two week high of $126.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $47.00 billion, a price-to-earnings ratio of 56.01, a PEG ratio of 0.75 and a beta of 0.78. The company's 50 day moving average price is $93.36 and its two-hundred day moving average price is $96.49.
Fidelity National Information Services (NYSE:FIS – Get Rating) last posted 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. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.67 billion. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.43%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 136.23%.
Insider Transactions at Fidelity National Information Services
In other news, EVP Lenore D. Williams sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the executive vice president now owns 21,334 shares in the company, valued at approximately $2,133,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Lenore D. Williams sold 2,500 shares of the business's 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 transaction, the executive vice president now owns 21,334 shares in the company, valued at approximately $2,133,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith W. Hughes sold 5,337 shares of the business's stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $100.28, for a total transaction of $535,194.36. Following the transaction, the director now owns 24,194 shares in the company, valued at approximately $2,426,174.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 207,240 shares of company stock worth $18,934,354. Company insiders own 0.68% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on FIS shares. Royal Bank of Canada dropped their price objective on shares of Fidelity National Information Services from $141.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, September 21st. Wells Fargo & Company lowered shares of Fidelity National Information Services from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $96.00 to $88.00 in a report on Thursday, September 8th. KeyCorp decreased their target price on shares of Fidelity National Information Services from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, September 23rd. Barclays decreased their target price on shares of Fidelity National Information Services from $130.00 to $110.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Susquehanna decreased 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $124.54.
Fidelity National Information Services Profile
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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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