Radnor Capital Management LLC Sells 6,461 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Radnor Capital Management LLC decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 16.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,482 shares of the information technology services provider’s stock after selling 6,461 shares during the quarter. Fidelity National Information Services accounts for about 0.8% of Radnor Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Radnor Capital Management LLC’s holdings in Fidelity National Information Services were worth $1,831,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Korea Investment CORP boosted its position in Fidelity National Information Services by 9.3% in the fourth quarter. Korea Investment CORP now owns 236,690 shares of the information technology services provider’s stock valued at $16,059,000 after buying an additional 20,115 shares in the last quarter. Archford Capital Strategies LLC boosted its position in Fidelity National Information Services by 41.4% in the first quarter. Archford Capital Strategies LLC now owns 15,754 shares of the information technology services provider’s stock valued at $846,000 after buying an additional 4,613 shares in the last quarter. Brookstone Capital Management boosted its position in Fidelity National Information Services by 1,294.7% in the first quarter. Brookstone Capital Management now owns 64,143 shares of the information technology services provider’s stock valued at $3,723,000 after buying an additional 59,544 shares in the last quarter. IFP Advisors Inc boosted its position in Fidelity National Information Services by 125.3% in the first quarter. IFP Advisors Inc now owns 19,069 shares of the information technology services provider’s stock valued at $1,969,000 after buying an additional 10,606 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Fidelity National Information Services by 78.6% in the first quarter. ProShare Advisors LLC now owns 130,921 shares of the information technology services provider’s stock valued at $7,113,000 after buying an additional 57,623 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In related news, Director Ellen R. Alemany acquired 760 shares of the stock in a transaction dated Monday, July 17th. The stock was bought at an average price of $58.82 per share, with a total value of $44,703.20. Following the completion of the transaction, the director now directly owns 3,743 shares of the company’s stock, valued at $220,163.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ellen R. Alemany acquired 760 shares of the stock in a transaction dated Monday, July 17th. The stock was bought at an average price of $58.82 per share, with a total value of $44,703.20. Following the completion of the transaction, the director now directly owns 3,743 shares of the company’s stock, valued at $220,163.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Erik D. Hoag sold 3,451 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $54.15, for a total transaction of $186,871.65. Following the transaction, the chief financial officer now owns 19,887 shares of the company’s stock, valued at approximately $1,076,881.05. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FIS shares. Morgan Stanley reduced their price target on shares of Fidelity National Information Services from $79.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. Stephens upped their target price on shares of Fidelity National Information Services from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. StockNews.com started coverage on shares of Fidelity National Information Services in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Mizuho reduced their target price on shares of Fidelity National Information Services from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Finally, Robert W. Baird reduced their target price on shares of Fidelity National Information Services from $80.00 to $75.00 in a research report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.70.

Fidelity National Information Services Trading Up 1.5 %

NYSE:FIS traded up $0.84 during trading hours on Friday, hitting $57.22. The stock had a trading volume of 1,081,731 shares, compared to its average volume of 5,354,625. Fidelity National Information Services, Inc. has a one year low of $48.57 and a one year high of $85.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $33.90 billion, a price-to-earnings ratio of -1.42, a P/E/G ratio of 0.89 and a beta of 0.83. The business’s 50 day moving average is $57.73 and its 200-day moving average is $56.20.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Fidelity National Information Services had a negative net margin of 161.74% and a positive return on equity of 12.54%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $1.73 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 6.02 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, September 7th. Fidelity National Information Services’s dividend payout ratio is -5.23%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.