Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 271,279 shares of the information technology services provider’s stock after selling 9,997 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity National Information Services were worth $16,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $29,000. BKM Wealth Management LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $40,000. ORG Partners LLC purchased a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $48,000. Finally, Headinvest LLC purchased a new position in Fidelity National Information Services during the third quarter worth $55,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 0.5 %

Fidelity National Information Services stock opened at $78.13 on Wednesday. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The stock’s 50 day moving average price is $72.22 and its 200 day moving average price is $64.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 earnings per share. Research analysts forecast that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a stock buyback plan on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIS. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Stephens reiterated an “overweight” rating and set a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Evercore ISI lifted their target price on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 7th. Finally, BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.11.

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.