BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 901,898 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 62.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 547,511 shares of the information technology services provider’s stock after selling 901,898 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Fidelity National Information Services were worth $41,260,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 1st quarter valued at approximately $29,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services during the second quarter valued at approximately $35,000. Family Firm Inc. bought a new stake in Fidelity National Information Services during the second quarter worth $35,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services in the 1st quarter valued at $37,000. Finally, Rothschild Investment LLC bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $45,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 0.4 %

Fidelity National Information Services stock opened at $84.39 on Tuesday. The firm has a market cap of $46.94 billion, a price-to-earnings ratio of -8.25, a PEG ratio of 0.82 and a beta of 1.08. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $85.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a 50 day moving average price of $79.36 and a two-hundred day moving average price of $75.69.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. Fidelity National Information Services’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. Equities 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 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 annualized dividend and a dividend yield of 1.71%. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling

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

Analyst Ratings Changes

FIS has been the subject of several recent analyst reports. Susquehanna upped their price objective on 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. increased their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Barclays increased 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 research note on Thursday, August 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price 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.