Trade Report: The 2,535 Shares of Fidelity National Information Services Inc. (FIS) are sold by North Star Asset Management Inc.

The 2,535 Shares of Fidelity National Information Services Inc. (FIS) are sold by North Star Asset Management Inc.

North Star Asset Management Inc. cut its stake in shares of Fidelity National Information Services Inc. (NYSE:FIS) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 143,101 shares of the company’s stock after selling 2,535 shares during the period. Fidelity National Information Services comprises about 1.2% of North Star Asset Management Inc.’s holdings, making the stock its 20th largest position. North Star Asset Management Inc.’s holdings in Fidelity National Information Services were worth $10,544,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. acquired a new stake in Fidelity National Information Services during the first quarter valued at approximately $105,000. Daiwa SB Investments Ltd. increased its stake in Fidelity National Information Services by 8.1% in the second quarter. Daiwa SB Investments Ltd. now owns 1,470 shares of the company’s stock valued at $107,000 after buying an additional 110 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Fidelity National Information Services by 5.7% in the second quarter. Quadrant Capital Group LLC now owns 2,165 shares of the company’s stock valued at $155,000 after buying an additional 116 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in Fidelity National Information Services by 49.5% in the first quarter. Citizens Financial Group Inc RI now owns 2,464 shares of the company’s stock valued at $156,000 after buying an additional 816 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC acquired a new stake in Fidelity National Information Services during the second quarter valued at approximately $213,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Inc. (NYSE:FIS) traded down 0.78% on Thursday, reaching $76.59. 731,214 shares of the company’s stock were exchanged. The company has a market cap of $25.11 billion, a PE ratio of 52.35 and a beta of 0.82. The firm’s 50 day moving average price is $77.82 and its 200 day moving average price is $74.07. Fidelity National Information Services Inc. has a 52-week low of $55.11 and a 52-week high of $81.67.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, July 26th. The company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Fidelity National Information Services had a net margin of 5.75% and a return on equity of 12.37%. The firm earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the company posted $0.74 EPS. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. On average, analysts expect that Fidelity National Information Services Inc. will post $3.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.04 annualized dividend and a dividend yield of 1.35%. Fidelity National Information Services’s dividend payout ratio is 68.87%.

FIS has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Wedbush initiated coverage on shares of Fidelity National Information Services in a research report on Thursday, September 8th. They set an “outperform” rating and a $92.00 target price for the company. Cantor Fitzgerald initiated coverage on shares of Fidelity National Information Services in a research report on Friday, October 7th. They set a “buy” rating and a $89.00 target price for the company. Monness Crespi & Hardt boosted their target price on shares of Fidelity National Information Services from $76.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 11th. Finally, Barclays PLC boosted their target price on shares of Fidelity National Information Services from $88.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, September 26th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $86.11.

In other news, Director Keith W. Hughes sold 10,133 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $80.05, for a total value of $811,146.65. Following the completion of the sale, the director now directly owns 33,158 shares of the company’s stock, valued at approximately $2,654,297.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Anthony M. Jabbour sold 145,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $75.89, for a total transaction of $11,004,050.00. Following the completion of the sale, the chief operating officer now directly owns 301,754 shares of the company’s stock, valued at $22,900,111.06. The disclosure for this sale can be found here. 2.29% of the stock is currently owned by insiders.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

Related posts

Leave a Comment