Fidelity National Information Services, Inc. (NYSE:FIS) Position Lowered by American International Group Inc.

American International Group Inc. reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,227 shares of the information technology services provider’s stock after selling 946 shares during the period. American International Group Inc.’s holdings in Fidelity National Information Services were worth $12,627,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Manchester Capital Management LLC boosted its stake in Fidelity National Information Services by 6.8% in the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after acquiring an additional 143 shares during the period. SageView Advisory Group LLC boosted its stake in Fidelity National Information Services by 1.3% in the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after acquiring an additional 148 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Fidelity National Information Services by 14.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after acquiring an additional 166 shares during the period. CKW Financial Group raised its holdings in shares of Fidelity National Information Services by 10.5% during the first quarter. CKW Financial Group now owns 2,100 shares of the information technology services provider’s stock valued at $153,000 after buying an additional 200 shares during the last quarter. Finally, Penbrook Management LLC raised its holdings in shares of Fidelity National Information Services by 5.1% during the first quarter. Penbrook Management LLC now owns 4,124 shares of the information technology services provider’s stock valued at $306,000 after buying an additional 200 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

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

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded up $0.46 on Thursday, reaching $75.79. 855,194 shares of the stock were exchanged, compared to its average volume of 4,191,576. The stock has a market cap of $42.16 billion, a PE ratio of -7.36, a PEG ratio of 0.77 and a beta of 1.06. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $78.73. The firm has a fifty day moving average price of $76.06 and a two-hundred day moving average price of $70.67.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FIS shares. Robert W. Baird lifted their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Stephens reaffirmed an “overweight” rating and set a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Barclays lifted their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Bank of America boosted their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their target price on Fidelity National Information Services from $82.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Nine 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 company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $79.42.

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.