Fulton Bank N.A. Reduces Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Fulton Bank N.A. reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 5.4% in the second quarter, HoldingsChannel reports. The fund owned 8,860 shares of the information technology services provider’s stock after selling 509 shares during the period. Fulton Bank N.A.’s holdings in Fidelity National Information Services were worth $812,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its position in Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 130 shares during the period. SRS Capital Advisors Inc. lifted its position in Fidelity National Information Services by 298.7% during the 1st quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 224 shares during the period. FinTrust Capital Advisors LLC lifted its position in Fidelity National Information Services by 248.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 221 shares during the period. Covestor Ltd purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $35,000. Finally, Tcwp LLC purchased a new position in Fidelity National Information Services during the 1st quarter valued at about $33,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 2,500 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the transaction, the executive vice president now owns 21,334 shares of the company’s stock, valued at $2,133,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gary Norcross sold 80,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $90.89, for a total value of $7,271,200.00. Following the transaction, the chief executive officer now owns 846,643 shares of the company’s stock, valued at $76,951,382.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lenore D. Williams sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 21,334 shares in the company, valued at approximately $2,133,400. The disclosure for this sale can be found here. Insiders have sold 207,240 shares of company stock valued at $18,934,354 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $84.26 on Friday. The firm has a 50 day moving average of $95.77 and a 200 day moving average of $97.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $51.23 billion, a price-to-earnings ratio of 61.06, a price-to-earnings-growth ratio of 0.83 and a beta of 0.78. Fidelity National Information Services, Inc. has a 12-month low of $82.98 and a 12-month high of $126.20.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.01. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 7.07 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.23%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is currently 136.23%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Evercore ISI raised shares of Fidelity National Information Services from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $135.00 in a report on Monday, June 13th. Truist Financial decreased their target price on shares of Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Oppenheimer decreased their target price on shares of Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating for the company in a report on Monday, July 25th. Citigroup decreased their target price on shares of Fidelity National Information Services to $128.00 in a report on Tuesday, August 9th. Finally, Morgan Stanley decreased their target price on shares of Fidelity National Information Services from $102.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $129.33.

About Fidelity National Information Services

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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