Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 69.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,110 shares of the information technology services provider’s stock after selling 16,490 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Fidelity National Information Services were worth $536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Linden Thomas Advisory Services LLC purchased a new position in Fidelity National Information Services during the second quarter valued at approximately $1,253,000. Quest Partners LLC purchased a new stake in Fidelity National Information Services during the fourth quarter worth $653,000. Jump Financial LLC purchased a new stake in Fidelity National Information Services during the fourth quarter worth $752,000. SG Americas Securities LLC grew its position in 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. Finally, Dimensional Fund Advisors LP increased its holdings in Fidelity National Information Services by 25.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock valued at $301,194,000 after buying an additional 1,027,466 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. UBS Group upped their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Susquehanna lifted their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.65.

Fidelity National Information Services Price Performance

Shares of FIS opened at $81.36 on Friday. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $83.29. The stock has a market cap of $45.26 billion, a PE ratio of -7.95, a P/E/G ratio of 0.81 and a beta of 1.06. The firm has a 50-day simple moving average of $77.40 and a two-hundred day simple moving average of $74.27. 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 (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 EPS. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.77%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

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.