ProVise Management Group LLC Sells 1,249 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

ProVise Management Group LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,749 shares of the information technology services provider’s stock after selling 1,249 shares during the quarter. ProVise Management Group LLC’s holdings in Fidelity National Information Services were worth $4,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services in the first quarter worth approximately $29,000. 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 worth $32,000 after buying an additional 450 shares during the period. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services in the 2nd quarter worth $35,000. Family Firm Inc. bought a new stake in Fidelity National Information Services during the second quarter valued at about $35,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the first quarter valued at about $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent analyst reports. Susquehanna lifted their target price 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. Barclays boosted 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. 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 research note on Wednesday, August 7th. Bank of America boosted their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TD Cowen raised their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Fidelity National Information Services Stock Down 0.0 %

Shares of FIS opened at $84.41 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 business has a fifty day moving average of $79.04 and a 200 day moving average of $75.40. The company has a market cap of $46.95 billion, a PE ratio of -8.25, a P/E/G ratio of 0.82 and a beta of 1.08. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $85.63.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business earned $1.55 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

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 paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. Fidelity National Information Services’s dividend payout ratio is -14.08%.

About Fidelity National Information Services

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.