Fidelity National Information Services, Inc. (NYSE:FIS) Director James B. Stallings, Jr. Sells 17,800 Shares

Fidelity National Information Services, Inc. (NYSE:FIS) Director James B. Stallings, Jr. sold 17,800 shares of the firm’s stock in a transaction on Wednesday, June 9th. The stock was sold at an average price of $144.95, for a total transaction of $2,580,110.00. Following the completion of the sale, the director now owns 18,805 shares in the company, valued at approximately $2,725,784.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fidelity National Information Services stock opened at $145.38 on Friday. The firm has a 50-day simple moving average of $149.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.81 and a quick ratio of 0.81. Fidelity National Information Services, Inc. has a 12-month low of $120.17 and a 12-month high of $156.73. The company has a market capitalization of $90.15 billion, a PE ratio of -382.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.85.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Thursday, May 6th. The information technology services provider reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.05. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Fidelity National Information Services had a positive return on equity of 7.01% and a negative net margin of 1.82%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post 6.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 11th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, June 10th. This represents a $1.56 annualized dividend and a yield of 1.07%. Fidelity National Information Services’s dividend payout ratio is currently 28.57%.

A number of equities research analysts have weighed in on FIS shares. Barclays lifted their price target on shares of Fidelity National Information Services from $167.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, May 10th. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $166.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, April 15th. Raymond James lifted their price target on shares of Fidelity National Information Services from $170.00 to $194.00 and gave the stock a “strong-buy” rating in a research note on Friday, May 7th. Truist Securities downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target on the stock. in a research note on Monday. Finally, Mizuho lifted their price target on shares of Fidelity National Information Services from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, April 26th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Fidelity National Information Services has an average rating of “Buy” and an average target price of $165.59.

A number of large investors have recently made changes to their positions in FIS. Capital International Investors raised its holdings in Fidelity National Information Services by 32.5% during the 1st quarter. Capital International Investors now owns 24,292,463 shares of the information technology services provider’s stock worth $3,416,150,000 after purchasing an additional 5,957,633 shares during the last quarter. Norges Bank bought a new stake in Fidelity National Information Services during the 4th quarter worth about $762,213,000. BlackRock Inc. raised its holdings in Fidelity National Information Services by 9.2% during the 1st quarter. BlackRock Inc. now owns 47,042,904 shares of the information technology services provider’s stock worth $6,614,703,000 after purchasing an additional 3,971,473 shares during the last quarter. Viking Global Investors LP raised its holdings in Fidelity National Information Services by 33.2% during the 4th quarter. Viking Global Investors LP now owns 11,835,412 shares of the information technology services provider’s stock worth $1,674,237,000 after purchasing an additional 2,948,891 shares during the last quarter. Finally, Lone Pine Capital LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth about $396,075,000. 89.02% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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