Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Verity & Verity LLC

Verity & Verity LLC decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,592 shares of the information technology services provider’s stock after selling 690 shares during the period. Verity & Verity LLC’s holdings in Fidelity National Information Services were worth $6,526,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FIS. Rise Advisors LLC acquired a new stake in Fidelity National Information Services in the first quarter valued at approximately $29,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services during the 2nd quarter worth $35,000. Family Firm Inc. acquired a new position in Fidelity National Information Services in the 2nd quarter worth $35,000. Palisade Asset Management LLC purchased a new position in Fidelity National Information Services in the 1st quarter valued at about $37,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $45,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE FIS opened at $83.67 on Wednesday. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $85.63. The firm has a market capitalization of $46.54 billion, a PE ratio of -8.18, a P/E/G ratio of 0.83 and a beta of 1.08. The company’s 50 day simple moving average is $80.24 and its 200 day simple moving average is $76.28. 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 announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The business 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%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The stock was acquired 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FIS shares. UBS Group increased their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. TD Cowen increased their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Eleven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.25.

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.