Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,148 shares of the information technology services provider’s stock after selling 7,532 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Fidelity National Information Services were worth $5,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Cadence Bank boosted its holdings in 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 purchasing an additional 132 shares during the last quarter. Manchester Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after buying an additional 143 shares during the last quarter. SageView Advisory Group LLC grew its position in shares of Fidelity National Information Services by 1.3% during the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock worth $853,000 after buying an additional 148 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 14.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock worth $79,000 after buying an additional 166 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Fidelity National Information Services by 2.4% in 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 acquiring an additional 169 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of 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 upped their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barclays lifted their target price on 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. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Keefe, Bruyette & Woods boosted 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. Ten investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were purchased 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 $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $84.06 on Friday. The stock has a market cap of $46.76 billion, a P/E ratio of -8.22, a P/E/G ratio of 0.82 and a beta of 1.08. The firm’s 50-day simple moving average is $79.19 and its 200 day simple moving average is $75.50. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $85.63. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm earned $1.55 EPS. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

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