Fidelity National Information Services, Inc. (FIS) Shares Sold by Credit Suisse AG

Credit Suisse AG lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 21.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 807,957 shares of the information technology services provider’s stock after selling 217,525 shares during the period. Credit Suisse AG owned approximately 0.24% of Fidelity National Information Services worth $64,330,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Fidelity National Information Services by 3,230.2% in the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock worth $1,674,072,000 after buying an additional 20,394,426 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Fidelity National Information Services by 4.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock worth $1,462,643,000 after buying an additional 845,325 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Fidelity National Information Services by 3.5% in the first quarter. Vanguard Group Inc. now owns 21,818,241 shares of the information technology services provider’s stock worth $1,737,168,000 after buying an additional 745,789 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Fidelity National Information Services by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 4,801,010 shares of the information technology services provider’s stock worth $382,257,000 after buying an additional 451,197 shares during the last quarter. Finally, FIL Ltd bought a new stake in shares of Fidelity National Information Services during the first quarter worth $30,454,000. Hedge funds and other institutional investors own 86.46% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded down 0.24% during trading on Friday, reaching $90.83. The company’s stock had a trading volume of 1,330,194 shares. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $91.13. The company has a market capitalization of $30.03 billion, a P/E ratio of 46.37 and a beta of 0.83. The company’s 50-day moving average is $87.18 and its 200-day moving average is $83.12.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the company posted $0.79 EPS. Fidelity National Information Services’s revenue was up 3.4% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.88%.

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A number of brokerages have recently weighed in on FIS. Zacks Investment Research cut Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Oppenheimer Holdings, Inc. raised their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 target price on shares of Fidelity National Information Services in a research report on Wednesday, July 12th. Finally, Cowen and Company restated an “outperform” rating and issued a $92.00 target price (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $89.93.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 1,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the completion of the sale, the director now owns 14,498 shares in the company, valued at approximately $1,237,984.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Norcross sold 250,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $83.06, for a total transaction of $20,765,000.00. Following the completion of the transaction, the insider now directly owns 557,699 shares of the company’s stock, valued at approximately $46,322,478.94. The disclosure for this sale can be found here. Insiders sold a total of 746,501 shares of company stock valued at $61,960,326 in the last 90 days. 2.66% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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