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Fidelity National Information Servcs Inc (FIS) EVP Sells $5,866,774.34 in Stock

Fidelity National Information Servcs logoFidelity National Information Servcs Inc (NYSE:FIS) EVP James W. Woodall sold 70,667 shares of Fidelity National Information Servcs stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $83.02, for a total transaction of $5,866,774.34. Following the transaction, the executive vice president now owns 133,509 shares of the company’s stock, valued at $11,083,917.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Fidelity National Information Servcs Inc (NYSE:FIS) traded up 0.02% on Thursday, hitting $83.60. 1,255,808 shares of the company were exchanged. The company has a 50 day moving average price of $81.38 and a 200-day moving average price of $79.20. Fidelity National Information Servcs Inc has a 52 week low of $68.03 and a 52 week high of $84.97. The stock has a market capitalization of $27.64 billion, a P/E ratio of 42.67 and a beta of 0.84.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. Fidelity National Information Servcs had a net margin of 6.15% and a return on equity of 13.03%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. On average, equities analysts expect that Fidelity National Information Servcs Inc will post $4.27 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Wednesday, June 14th. Fidelity National Information Servcs’s payout ratio is presently 60.12%.

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A number of brokerages have recently issued reports on FIS. Barclays PLC reiterated a “buy” rating and set a $94.00 price objective on shares of Fidelity National Information Servcs in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Deutsche Bank AG reiterated a “hold” rating and set a $89.00 price objective (up from $80.00) on shares of Fidelity National Information Servcs in a report on Wednesday, May 3rd. Compass Point cut shares of Fidelity National Information Servcs from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $86.00 to $83.00 in a report on Wednesday, May 3rd. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $89.00 price objective on shares of Fidelity National Information Servcs in a report on Tuesday, May 2nd. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $88.17.

Several hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth about $174,638,000. Columbus Circle Investors increased its stake in shares of Fidelity National Information Servcs by 683.7% in the third quarter. Columbus Circle Investors now owns 1,256,323 shares of the information technology services provider’s stock worth $96,775,000 after buying an additional 1,096,021 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Fidelity National Information Servcs by 469.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,167,401 shares of the information technology services provider’s stock worth $88,302,000 after buying an additional 962,300 shares during the last quarter. Valinor Management L.P. bought a new stake in shares of Fidelity National Information Servcs during the third quarter worth about $68,128,000. Finally, Artisan Partners Limited Partnership increased its stake in shares of Fidelity National Information Servcs by 38.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 3,081,166 shares of the information technology services provider’s stock worth $233,059,000 after buying an additional 857,611 shares during the last quarter. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Information Servcs

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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