Hexagon Capital Partners LLC lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 167.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398 shares of the information technology services provider's stock after buying an additional 249 shares during the period. Hexagon Capital Partners LLC's holdings in Fidelity National Information Services were worth $36,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of FIS. Brown Brothers Harriman & Co. raised its holdings in Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 130 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Fidelity National Information Services by 298.7% during the first quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in Fidelity National Information Services by 248.3% during the first quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 221 shares in the last quarter. MV Capital Management Inc. raised its holdings in Fidelity National Information Services by 782.1% during the second quarter. MV Capital Management Inc. now owns 344 shares of the information technology services provider's stock worth $32,000 after acquiring an additional 305 shares in the last quarter. Finally, Tcwp LLC bought a new stake in Fidelity National Information Services during the first quarter worth about $33,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Get Fidelity National Information Services alerts:Fidelity National Information Services Trading Down 1.3 %
Shares of NYSE:FIS opened at $75.57 on Monday. The company has a market capitalization of $45.94 billion, a P/E ratio of 54.76, a P/E/G ratio of 0.74 and a beta of 0.78. Fidelity National Information Services, Inc. has a 1 year low of $75.54 and a 1 year 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 business's 50 day simple moving average is $92.45 and its 200 day simple moving average is $96.30.
Fidelity National Information Services (NYSE:FIS – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.67 billion. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 earnings per share. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 7.06 EPS for the current fiscal year.Fidelity National Information Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, September 15th. Fidelity National Information Services's dividend payout ratio is presently 136.23%.
Insider Buying and Selling at Fidelity National Information Services
In other Fidelity National Information Services news, EVP Lenore D. Williams sold 2,500 shares of the firm's stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the sale, the executive vice president now owns 21,334 shares of the company's stock, valued at approximately $2,133,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO James W. Woodall sold 80,000 shares of the firm's stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $90.07, for a total transaction of $7,205,600.00. Following the sale, the chief financial officer now owns 131,598 shares of the company's stock, valued at approximately $11,853,031.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 2,500 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 21,334 shares in the company, valued at approximately $2,133,400. The disclosure for this sale can be found here. In the last quarter, insiders have sold 207,240 shares of company stock valued at $18,934,354. 0.68% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on FIS. Keefe, Bruyette & Woods lowered Fidelity National Information Services from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $120.00 to $98.00 in a report on Sunday, September 18th. Susquehanna Bancshares dropped their price objective on Fidelity National Information Services from $176.00 to $160.00 and set a "positive" rating on the stock in a research note on Tuesday, August 9th. Mizuho dropped their price objective on Fidelity National Information Services from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, August 8th. Wolfe Research dropped their price objective on Fidelity National Information Services from $165.00 to $135.00 in a research note on Wednesday, July 20th. Finally, Credit Suisse Group dropped their price objective on Fidelity National Information Services from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Friday, September 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.46.
About Fidelity National Information Services
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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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