Jacobi Capital Management LLC Sells 333 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Jacobi Capital Management LLC reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 11,731 shares of the information technology services provider’s stock after selling 333 shares during the period. Jacobi Capital Management LLC’s holdings in Fidelity National Information Services were worth $870,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TIAA Trust National Association increased its stake in shares of Fidelity National Information Services by 3.1% in the 1st quarter. TIAA Trust National Association now owns 7,410 shares of the information technology services provider’s stock worth $550,000 after acquiring an additional 224 shares during the last quarter. Vanguard Group Inc. increased its stake in Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Fidelity National Information Services in the 1st quarter valued at about $4,855,000. Mizuho Markets Americas LLC boosted its position in shares of Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after acquiring an additional 2,011,848 shares during the last quarter. Finally, Poehling Capital Management INC. lifted its stake in shares of Fidelity National Information Services by 0.3% during the first quarter. Poehling Capital Management INC. now owns 102,937 shares of the information technology services provider’s stock worth $7,636,000 after purchasing an additional 303 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the stock in a transaction dated Monday, July 15th. The shares were bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $75.00 price target on shares of Fidelity National Information Services in a report on Wednesday, May 8th. Evercore ISI raised their price target on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $86.00 target price on shares of Fidelity National Information Services in a research report on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.42.

Fidelity National Information Services Trading Up 0.1 %

Shares of FIS traded up $0.08 on Monday, hitting $75.33. 2,717,497 shares of the stock traded hands, compared to its average volume of 4,237,919. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $78.73. The stock’s 50 day moving average is $76.14 and its two-hundred day moving average is $70.44. The firm has a market capitalization of $41.90 billion, a P/E ratio of -7.36, a P/E/G ratio of 0.77 and a beta of 1.06. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a dividend of $0.36 per share. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. Fidelity National Information Services’s dividend payout ratio (DPR) is -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.