ProVise Management Group LLC Lowers Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

ProVise Management Group LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 53,749 shares of the information technology services provider’s stock after selling 1,249 shares during the period. ProVise Management Group LLC’s holdings in Fidelity National Information Services were worth $4,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of Fidelity National Information Services during the first quarter valued at $29,000. Delta Asset Management LLC TN lifted its stake in Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 450 shares during the period. EdgeRock Capital LLC bought a new position in Fidelity National Information Services during the 2nd quarter worth about $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $35,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services in the 1st quarter valued at about $37,000. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $84.41 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The company’s fifty day moving average price is $79.04 and its 200-day moving average price is $75.40. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $85.63. The firm has a market capitalization of $46.95 billion, a PE ratio of -8.25, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIS shares. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. TD Cowen boosted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Barclays upped their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Susquehanna lifted their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $81.25.

Fidelity National Information Services Company Profile

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