Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 23.0% in the second quarter, HoldingsChannel.com reports. The firm owned 3,743 shares of the information technology services provider’s stock after selling 1,116 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Fidelity National Information Services were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIS. Rise Advisors LLC acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $29,000. Family Firm Inc. acquired a new position in Fidelity National Information Services during the second quarter worth $35,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services during the second quarter worth $35,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at about $37,000. Finally, Delta Asset Management LLC TN increased its stake in shares of Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.8 %

Shares of FIS opened at $84.23 on Friday. The company’s 50-day moving average price is $78.05 and its 200 day moving average price is $74.82. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $84.40. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $46.85 billion, a P/E ratio of -8.23, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. Fidelity National Information Services’s payout ratio is presently -14.08%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FIS shares. Susquehanna raised their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. UBS Group lifted their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Royal Bank of Canada increased their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.65.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 719 shares of the company’s stock in a transaction on Monday, July 15th. The stock was bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.