Cape Investment Advisory Inc. Lowers Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Cape Investment Advisory Inc. trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 89.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,905 shares of the information technology services provider’s stock after selling 15,906 shares during the period. Cape Investment Advisory Inc.’s holdings in Fidelity National Information Services were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its holdings in shares of Fidelity National Information Services by 12.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 200,025 shares of the information technology services provider’s stock valued at $14,554,000 after purchasing an additional 21,794 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Fidelity National Information Services in the 1st quarter valued at about $1,066,000. Garde Capital Inc. bought a new stake in shares of Fidelity National Information Services in the 1st quarter valued at about $114,000. Boston Partners raised its holdings in shares of Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Fidelity National Information Services by 8.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 364,474 shares of the information technology services provider’s stock valued at $27,037,000 after purchasing an additional 28,903 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Mizuho boosted their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Barclays boosted their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Finally, BNP Paribas lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.42.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $0.73 during trading hours on Friday, hitting $74.36. The company’s stock had a trading volume of 2,291,368 shares, compared to its average volume of 2,545,996. The company has a 50 day moving average of $75.77 and a 200 day moving average of $71.33. The stock has a market cap of $41.36 billion, a PE ratio of -7.27, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the firm earned $1.29 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Profile

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.