Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Morris Capital Advisors LLC

Morris Capital Advisors LLC lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 26,131 shares of the information technology services provider’s stock after buying an additional 263 shares during the quarter. Fidelity National Information Services makes up 2.1% of Morris Capital Advisors LLC’s holdings, making the stock its 25th largest holding. Morris Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $2,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AllSquare Wealth Management LLC grew its position in Fidelity National Information Services by 26.9% during the first quarter. AllSquare Wealth Management LLC now owns 462 shares of the information technology services provider’s stock valued at $46,000 after buying an additional 98 shares during the period. Ameritas Advisory Services LLC grew its position in Fidelity National Information Services by 1.4% during the first quarter. Ameritas Advisory Services LLC now owns 7,154 shares of the information technology services provider’s stock valued at $718,000 after buying an additional 100 shares during the period. Benjamin Edwards Inc. grew its position in Fidelity National Information Services by 1.4% during the first quarter. Benjamin Edwards Inc. now owns 7,501 shares of the information technology services provider’s stock valued at $753,000 after buying an additional 101 shares during the period. Carolinas Wealth Consulting LLC lifted its holdings in Fidelity National Information Services by 15.5% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 758 shares of the information technology services provider’s stock valued at $83,000 after purchasing an additional 102 shares in the last quarter. Finally, West Family Investments Inc. lifted its holdings in Fidelity National Information Services by 0.6% during the fourth quarter. West Family Investments Inc. now owns 16,342 shares of the information technology services provider’s stock valued at $1,784,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Fidelity National Information Services Stock Down 0.3 %

Shares of NYSE:FIS traded down $0.22 during trading on Friday, hitting $80.29. 399,674 shares of the company were exchanged, compared to its average volume of 4,577,430. The stock has a market capitalization of $48.81 billion, a P/E ratio of 59.13, a PEG ratio of 0.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.69. Fidelity National Information Services, Inc. has a 12-month low of $78.77 and a 12-month high of $126.20. The firm’s 50 day moving average price is $94.80 and its 200-day moving average price is $96.81.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.67 billion. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. On average, research analysts predict that Fidelity National Information Services, Inc. will post 7.07 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.88 annualized dividend and a yield of 2.34%. Fidelity National Information Services’s dividend payout ratio (DPR) is 136.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FIS shares. Robert W. Baird increased their price objective on shares of Fidelity National Information Services from $120.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, September 6th. KeyCorp decreased their price objective on shares of Fidelity National Information Services from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday. Evercore ISI raised shares of Fidelity National Information Services from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $135.00 in a report on Monday, June 13th. Wolfe Research decreased their price objective on shares of Fidelity National Information Services from $165.00 to $135.00 in a report on Wednesday, July 20th. Finally, Credit Suisse Group decreased their price objective on shares of Fidelity National Information Services from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.64.

Insider Activity at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 2,500 shares of the company’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 completion of the sale, the executive vice president now owns 21,334 shares in the company, valued at approximately $2,133,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO James W. Woodall sold 80,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $90.07, for a total value of $7,205,600.00. Following the completion of the sale, the chief financial officer now owns 131,598 shares in the company, valued at approximately $11,853,031.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the sale, the executive vice president now owns 21,334 shares of the company’s stock, valued at approximately $2,133,400. The disclosure for this sale can be found here. Insiders sold a total of 207,240 shares of company stock worth $18,934,354 in the last 90 days. 0.68% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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