Sei Investments Co. Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Sei Investments Co. lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 477,719 shares of the information technology services provider’s stock after selling 1,260 shares during the quarter. Sei Investments Co. owned 0.09% of Fidelity National Information Services worth $36,001,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cadence Bank raised its holdings in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after acquiring an additional 132 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after buying an additional 143 shares during the last quarter. SageView Advisory Group LLC raised its position in shares of Fidelity National Information Services by 1.3% during the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after buying an additional 148 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Fidelity National Information Services by 14.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after acquiring an additional 166 shares during the last quarter. Finally, Moody National Bank Trust Division grew its position in Fidelity National Information Services by 2.4% in the second quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock worth $536,000 after acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Susquehanna increased their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” 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 company an “overweight” rating in a research report on Tuesday, August 20th. Royal Bank of Canada raised their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.25.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the stock in a transaction dated Monday, July 15th. The stock was acquired at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 0.4 %

Shares of FIS opened at $84.39 on Tuesday. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $85.63. 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 capitalization of $46.94 billion, a P/E ratio of -8.25, a PEG ratio of 0.82 and a beta of 1.08. The firm’s 50-day moving average is $79.36 and its two-hundred day moving average is $75.69.

Fidelity National Information Services (NYSE:FIS) last released its quarterly 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 return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $1.55 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be given 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 yield of 1.71%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Fidelity National Information Services 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.