Today: Today: US Bancorp DE Sold shares of Fidelity National Information Services Inc. (FIS)

Today: US Bancorp DE Sold shares of Fidelity National Information Services Inc. (FIS)

US Bancorp DE cut its position in Fidelity National Information Services Inc. (NYSE:FIS) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,314 shares of the company’s stock after selling 16,774 shares during the period. US Bancorp DE’s holdings in Fidelity National Information Services were worth $13,580,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Financial Architects Inc raised its stake in shares of Fidelity National Information Services by 30.2% in the third quarter. Financial Architects Inc now owns 1,359 shares of the company’s stock worth $104,000 after buying an additional 315 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of 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 worth $107,000 after buying an additional 110 shares in the last quarter. Ropes Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth approximately $130,000. Point72 Asia Hong Kong Ltd raised its stake in shares of Fidelity National Information Services by 800.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,800 shares of the company’s stock worth $133,000 after buying an additional 1,600 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its stake in shares of Fidelity National Information Services by 18.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,961 shares of the company’s stock worth $144,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.

Fidelity National Information Services Inc. (NYSE:FIS) traded up 0.14% during midday trading on Monday, reaching $78.87. 523,086 shares of the company were exchanged. The firm’s 50 day moving average price is $76.16 and its 200-day moving average price is $76.35. Fidelity National Information Services Inc. has a 52 week low of $55.11 and a 52 week high of $81.67. The stock has a market capitalization of $25.89 billion, a P/E ratio of 54.62 and a beta of 0.88.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Fidelity National Information Services had a net margin of 5.38% and a return on equity of 12.15%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 46.2% compared to the same quarter last year. Equities analysts forecast that Fidelity National Information Services Inc. will post $3.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. Fidelity National Information Services’s dividend payout ratio is currently 71.72%.

Several analysts recently issued reports on the stock. Wedbush assumed 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. Pacific Crest assumed coverage on shares of Fidelity National Information Services in a research report on Friday, November 18th. They set an “overweight” rating and a $86.00 target price for the company. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “sell” rating to a “hold” rating and set a $84.00 target price for the company in a research report on Wednesday, November 2nd. Barclays PLC boosted their target price on shares of Fidelity National Information Services from $88.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, September 26th. Finally, Cantor Fitzgerald assumed 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. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $85.80.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 10,487 shares of Fidelity National Information Services stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $76.99, for a total transaction of $807,394.13. Following the sale, the director now owns 19,858 shares of the company’s stock, valued at approximately $1,528,867.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gregory G. Montana sold 1,488 shares of Fidelity National Information Services stock in a transaction on Friday, November 4th. The stock was sold at an average price of $74.90, for a total transaction of $111,451.20. Following the sale, the executive vice president now directly owns 17,355 shares in the company, valued at approximately $1,299,889.50. The disclosure for this sale can be found here. 2.29% of the stock is currently owned by corporate insiders.

About Fidelity National Information Services

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.

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