First Hawaiian Bank Sells 3,038 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

First Hawaiian Bank decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,257 shares of the information technology services provider’s stock after selling 3,038 shares during the period. First Hawaiian Bank’s holdings in Fidelity National Information Services were worth $1,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 83.3% in the 1st 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 during the last quarter. Resources Management Corp CT ADV bought a new position in shares of Fidelity National Information Services in the 1st quarter valued at $35,000. Elequin Securities LLC bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at $28,000. Barrett & Company Inc. bought a new position in shares of Fidelity National Information Services in the 1st quarter valued at $27,000. Finally, AlphaMark Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 1st quarter valued at $27,000. Institutional investors own 85.67% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS stock opened at $56.90 on Friday. The stock has a 50-day moving average price of $57.67 and a 200-day moving average price of $56.20. Fidelity National Information Services, Inc. has a 1-year low of $48.57 and a 1-year high of $85.18. 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 firm has a market cap of $33.71 billion, a PE ratio of -1.43, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83.

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 analysts’ consensus estimates of $1.48 by $0.07. Fidelity National Information Services had a positive return on equity of 12.54% and a negative net margin of 161.74%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the company posted $1.73 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 6.02 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, September 7th. Fidelity National Information Services’s payout ratio is -5.23%.

Wall Street Analyst Weigh In

FIS has been the topic of several recent research reports. StockNews.com initiated coverage on Fidelity National Information Services in a report on Thursday, August 17th. They set a “hold” rating on the stock. Royal Bank of Canada cut their price objective on Fidelity National Information Services from $81.00 to $71.00 in a report on Monday, July 10th. Morgan Stanley cut their price objective on Fidelity National Information Services from $79.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, August 3rd. Stephens raised their price objective on Fidelity National Information Services from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.70.

Insider Activity at Fidelity National Information Services

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

Fidelity National Information Services 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.