LGT Financial Advisors LLC Sells 1,292 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

LGT Financial Advisors LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 60.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 836 shares of the information technology services provider’s stock after selling 1,292 shares during the period. LGT Financial Advisors LLC’s holdings in Fidelity National Information Services were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FIS. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services during the first quarter worth approximately $29,000. Family Firm Inc. bought a new stake in Fidelity National Information Services in the 2nd quarter valued at $35,000. EdgeRock Capital LLC bought a new position in Fidelity National Information Services during the 2nd quarter worth $35,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services during the first quarter worth $37,000. Finally, Delta Asset Management LLC TN boosted its holdings in Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 450 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

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 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 filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Up 0.1 %

Shares of NYSE FIS opened at $82.46 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $77.28 and its 200 day simple moving average is $74.15. The firm has a market cap of $45.87 billion, a PE ratio of -8.06, a P/E/G ratio of 0.81 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $83.29.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share 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 paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Analyst Ratings Changes

Several brokerages recently issued reports on FIS. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Mizuho upped their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Susquehanna raised their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. Finally, 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. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.65.

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.