Brown Brothers Harriman & Co. Trims Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Brown Brothers Harriman & Co. lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,285 shares of the information technology services provider’s stock after selling 195 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Fidelity National Information Services were worth $97,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC purchased a new stake in Fidelity National Information Services in the second quarter worth $1,253,000. Quest Partners LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $653,000. SG Americas Securities LLC increased its position in shares of Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after buying an additional 189,484 shares during the period. Cibc World Markets Corp raised its stake in Fidelity National Information Services by 19.1% in the fourth quarter. Cibc World Markets Corp now owns 747,428 shares of the information technology services provider’s stock worth $44,898,000 after buying an additional 119,974 shares in the last quarter. Finally, Parnassus Investments LLC lifted its holdings in Fidelity National Information Services by 15.3% in the fourth quarter. Parnassus Investments LLC now owns 4,522,916 shares of the information technology services provider’s stock worth $271,692,000 after buying an additional 598,902 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

FIS stock opened at $84.43 on Thursday. The company has a market cap of $46.96 billion, a P/E ratio of -8.25, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. 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, Inc. has a 1 year low of $46.91 and a 1 year high of $85.63. The stock’s fifty day moving average price is $78.86 and its 200-day moving average price is $75.34.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were purchased at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FIS. Susquehanna increased their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research report on Wednesday, August 7th. TD Cowen increased their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays boosted 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 report on Thursday, August 8th. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research note on Monday, July 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of 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. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

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.