Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.8% during the second quarter, Holdings Channel reports. The fund owned 275,987 shares of the information technology services provider’s stock after selling 63,744 shares during the quarter. Toronto Dominion Bank’s holdings in Fidelity National Information Services were worth $20,798,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Zurich Insurance Group Ltd FI purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at $40,029,000. Insigneo Advisory Services LLC raised its position in Fidelity National Information Services by 17.6% during the second quarter. Insigneo Advisory Services LLC now owns 4,513 shares of the information technology services provider’s stock valued at $329,000 after buying an additional 677 shares during the period. Distillate Capital Partners LLC purchased a new stake in Fidelity National Information Services in the 2nd quarter worth about $16,716,000. Xponance Inc. boosted its position in Fidelity National Information Services by 41.1% during the 2nd quarter. Xponance Inc. now owns 113,465 shares of the information technology services provider’s stock worth $8,551,000 after acquiring an additional 33,066 shares during the period. Finally, Bank of Montreal Can grew its stake in Fidelity National Information Services by 8.5% during the 2nd quarter. Bank of Montreal Can now owns 672,105 shares of the information technology services provider’s stock valued at $50,825,000 after acquiring an additional 52,877 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 0.8 %

NYSE:FIS opened at $83.00 on Friday. The firm has a market cap of $46.17 billion, a price-to-earnings ratio of -8.11, a P/E/G ratio of 0.83 and a beta of 1.08. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $85.63. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $79.60 and its 200-day moving average is $75.83.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Barclays lifted their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Susquehanna upped their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. Finally, UBS Group upped their target price on 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. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

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.