Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by North Star Asset Management Inc.

North Star Asset Management Inc. cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,315 shares of the information technology services provider’s stock after selling 9,301 shares during the period. North Star Asset Management Inc.’s holdings in Fidelity National Information Services were worth $16,603,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FIS. Rise Advisors LLC bought a new position in Fidelity National Information Services in the first quarter worth about $29,000. Delta Asset Management LLC TN lifted its stake in shares of 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 worth $32,000 after acquiring an additional 450 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $35,000. Family Firm Inc. bought a new stake in Fidelity National Information Services in the second quarter worth about $35,000. Finally, Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction dated Monday, July 15th. The stock was bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 1.3 %

Shares of Fidelity National Information Services stock opened at $81.36 on Friday. The company’s fifty day moving average price is $77.40 and its two-hundred day moving average price is $74.27. The firm has a market capitalization of $45.26 billion, a PE ratio of -7.95, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $83.29. 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 announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.49 billion. During the same quarter last year, the company earned $1.55 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIS shares. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their target price on shares of 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. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. UBS Group raised their price objective on 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. Finally, JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.65.

About Fidelity National Information Services

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.