Elo Mutual Pension Insurance Co Sells 1,238 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Elo Mutual Pension Insurance Co trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,898 shares of the information technology services provider’s stock after selling 1,238 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Fidelity National Information Services were worth $3,986,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cadence Bank lifted its position in shares of Fidelity National Information Services by 1.9% in the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after acquiring an additional 132 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Fidelity National Information Services by 6.8% in the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after purchasing an additional 143 shares in the last quarter. SageView Advisory Group LLC boosted its stake in Fidelity National Information Services by 1.3% in the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock worth $853,000 after purchasing an additional 148 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Fidelity National Information Services by 14.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after buying an additional 166 shares in the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of Fidelity National Information Services by 2.4% during the second quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 0.7 %

Shares of NYSE FIS opened at $84.43 on Thursday. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $85.63. The firm has a 50-day simple moving average of $78.86 and a two-hundred day simple moving average of $75.34. The company has a market cap of $46.96 billion, a P/E ratio of -8.25, a PEG ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.55 EPS. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIS. Barclays upped 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 research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the company’s stock in a transaction on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

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.