Burney Co. Sells 326 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Burney Co. lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,772 shares of the information technology services provider’s stock after selling 326 shares during the period. Burney Co.’s holdings in Fidelity National Information Services were worth $510,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in shares of Fidelity National Information Services during the first quarter worth $29,000. Delta Asset Management LLC TN increased its position 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 acquiring an additional 450 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services during the first quarter worth $37,000. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased 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. Barclays increased their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a report on Monday, July 22nd. Finally, Stephens restated an “overweight” rating and set a $90.00 target price on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.65.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The stock was bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

NYSE:FIS traded up $0.11 during mid-day trading on Thursday, hitting $81.35. 1,241,904 shares of the stock were exchanged, compared to its average volume of 3,988,320. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s 50-day simple moving average is $76.38 and its 200 day simple moving average is $73.35. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $81.90. The stock has a market capitalization of $45.25 billion, a price-to-earnings ratio of -7.94, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be given a $0.36 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.77%. Fidelity National Information Services’s payout ratio is presently -14.08%.

Fidelity National Information Services Company 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.