Fidelity National Information Services, Inc. (NYSE:FIS) is Sound Shore Management Inc. CT’s 2nd Largest Position

Sound Shore Management Inc. CT trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,455,273 shares of the information technology services provider’s stock after selling 47,376 shares during the period. Fidelity National Information Services comprises 3.7% of Sound Shore Management Inc. CT’s investment portfolio, making the stock its 2nd biggest holding. Sound Shore Management Inc. CT’s holdings in Fidelity National Information Services were worth $109,669,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Cadence Bank grew its holdings in shares of Fidelity National Information Services by 1.9% during the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after buying an additional 132 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Fidelity National Information Services by 6.8% in the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after purchasing an additional 143 shares during the period. SageView Advisory Group LLC raised its stake in shares of Fidelity National Information Services by 1.3% during the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock worth $853,000 after purchasing an additional 148 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Fidelity National Information Services by 14.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock worth $79,000 after purchasing an additional 166 shares during the period. Finally, Moody National Bank Trust Division grew its position in Fidelity National Information Services by 2.4% in the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after buying an additional 169 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Down 0.4 %

Shares of NYSE:FIS opened at $84.06 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $46.76 billion, a price-to-earnings ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The stock’s 50-day moving average price is $79.19 and its two-hundred day moving average price is $75.50. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $85.63.

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

Fidelity National Information Services Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on FIS. UBS Group upped their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction on Monday, July 15th. The stock was bought at an average cost 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 approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.