228,774 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 228,774 shares of the information technology services provider’s stock, valued at approximately $12,514,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Acadian Asset Management LLC grew its holdings in Fidelity National Information Services by 491.5% in the first quarter. Acadian Asset Management LLC now owns 3,904 shares of the information technology services provider’s stock valued at $391,000 after purchasing an additional 3,244 shares during the last quarter. Synovus Financial Corp grew its stake in Fidelity National Information Services by 71.6% in the 1st quarter. Synovus Financial Corp now owns 9,791 shares of the information technology services provider’s stock valued at $982,000 after acquiring an additional 4,085 shares during the last quarter. Prudential PLC purchased a new position in Fidelity National Information Services during the 1st quarter valued at about $1,173,000. Baird Financial Group Inc. raised its position in Fidelity National Information Services by 8.2% during the first quarter. Baird Financial Group Inc. now owns 194,714 shares of the information technology services provider’s stock worth $19,553,000 after acquiring an additional 14,819 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Fidelity National Information Services by 83.3% in the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FIS shares. Atlantic Securities upgraded Fidelity National Information Services from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 12th. Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $81.00 to $71.00 in a research note on Monday, July 10th. Stephens boosted their target price on shares of Fidelity National Information Services from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. StockNews.com assumed coverage on shares of Fidelity National Information Services in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Robert W. Baird cut their price target on Fidelity National Information Services from $80.00 to $75.00 in a report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.70.

Fidelity National Information Services Stock Up 0.9 %

Shares of Fidelity National Information Services stock opened at $56.90 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $48.57 and a twelve month high of $85.18. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of -1.43, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.67. The company has a fifty day moving average price of $57.67 and a 200 day moving average price of $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 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.71 billion. Fidelity National Information Services had a positive return on equity of 12.54% and a negative net margin of 161.74%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 6.02 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, September 7th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.66%. Fidelity National Information Services’s payout ratio is currently -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.