Marathon Capital Management Sells 1,274 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Marathon Capital Management lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 93,014 shares of the information technology services provider’s stock after selling 1,274 shares during the period. Fidelity National Information Services accounts for about 1.8% of Marathon Capital Management’s holdings, making the stock its 13th biggest position. Marathon Capital Management’s holdings in Fidelity National Information Services were worth $7,010,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. 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 purchasing an additional 132 shares in the last quarter. Manchester Capital Management LLC lifted its position in Fidelity National Information Services by 6.8% in 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 lifted its position in Fidelity National Information Services by 1.3% in the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after purchasing an additional 148 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position 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 purchasing an additional 166 shares during the last quarter. Finally, Moody National Bank Trust Division lifted 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 valued at $536,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. Barclays boosted their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Keefe, Bruyette & Woods boosted their target price on 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. Susquehanna boosted 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. 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 note on Tuesday, August 20th. Finally, Morgan Stanley cut 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 research note on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction 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 Stock Up 0.8 %

FIS stock opened at $83.00 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $85.63. The business’s 50-day moving average is $79.60 and its two-hundred day moving average is $75.83. 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 company 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 (NYSE:FIS) last posted its quarterly earnings data 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. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

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.