Fidelity National Information Servcs Inc (NYSE:FIS) insider Gary Norcross sold 293,333 shares of Fidelity National Information Servcs stock in a transaction on Monday, February 12th. The stock was sold at an average price of $94.30, for a total value of $27,661,301.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Fidelity National Information Servcs Inc (FIS) traded up $1.02 during mid-day trading on Tuesday, hitting $96.17. The stock had a trading volume of 1,144,098 shares, compared to its average volume of 1,765,500. Fidelity National Information Servcs Inc has a twelve month low of $78.89 and a twelve month high of $103.65. The company has a quick ratio of 1.25, a current ratio of 0.92 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $31,727.52, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. Fidelity National Information Servcs’s revenue for the quarter was down 4.7% compared to the same quarter last year. analysts anticipate that Fidelity National Information Servcs Inc will post 5.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.32 per share. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.33%. Fidelity National Information Servcs’s payout ratio is currently 29.59%.

Hedge funds have recently modified their holdings of the company. WFG Advisors LP grew its holdings in shares of Fidelity National Information Servcs by 99.8% during the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 593 shares in the last quarter. Calton & Associates Inc. purchased a new position in Fidelity National Information Servcs in the fourth quarter valued at about $123,000. Cerebellum GP LLC purchased a new position in Fidelity National Information Servcs in the fourth quarter valued at about $126,000. Rockefeller Financial Services Inc. purchased a new position in Fidelity National Information Servcs in the third quarter valued at about $128,000. Finally, Thompson Investment Management Inc. purchased a new position in Fidelity National Information Servcs in the third quarter valued at about $201,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

FIS has been the topic of a number of recent research reports. Zacks Investment Research cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Barclays lifted their target price on Fidelity National Information Servcs from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Credit Suisse Group restated an “outperform” rating and issued a $108.00 target price (up from $100.00) on shares of Fidelity National Information Servcs in a report on Wednesday, November 1st. They noted that the move was a valuation call. JPMorgan Chase & Co. decreased their target price on Fidelity National Information Servcs from $106.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Finally, Oppenheimer lifted their target price on Fidelity National Information Servcs from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $102.47.

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Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Insider Buying and Selling by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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