Massachusetts Financial Services Co. MA Sells 264,183 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Massachusetts Financial Services Co. MA cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,128,349 shares of the information technology services provider’s stock after selling 264,183 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.28% of Fidelity National Information Services worth $537,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth about $29,000. Family Firm Inc. bought a new position in Fidelity National Information Services in the 2nd quarter valued at about $35,000. EdgeRock Capital LLC bought a new position in Fidelity National Information Services in the 2nd quarter valued at about $35,000. Palisade Asset Management LLC bought a new position in Fidelity National Information Services in the 1st quarter valued at about $37,000. Finally, Delta Asset Management LLC TN raised 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 valued at $32,000 after acquiring an additional 450 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 1.1 %

FIS opened at $85.03 on Tuesday. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $85.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market cap of $46.39 billion, a P/E ratio of -8.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. The company has a fifty day moving average price of $78.43 and a two-hundred day moving average price of $75.16.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results 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. 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 the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Analysts predict 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 will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is presently -14.08%.

Analyst Ratings Changes

Several brokerages have recently commented on FIS. Royal Bank of Canada raised 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 report on Wednesday, August 7th. Barclays raised their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. 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 report on Wednesday, August 7th. UBS Group lifted their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Susquehanna lifted their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.65.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services 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.