Cox Capital Mgt LLC Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cox Capital Mgt LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 43,311 shares of the information technology services provider’s stock after selling 2,832 shares during the quarter. Fidelity National Information Services comprises about 2.0% of Cox Capital Mgt LLC’s holdings, making the stock its 17th largest position. Cox Capital Mgt LLC’s holdings in Fidelity National Information Services were worth $3,264,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Fidelity National Information Services in the 1st quarter valued at approximately $29,000. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services in the fourth quarter worth $29,000. Palisade Asset Management LLC acquired a new stake in Fidelity National Information Services in the first quarter valued at $37,000. Delta Asset Management LLC TN boosted its position in shares of Fidelity National Information Services by 600.0% during the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth $46,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group upped their target price on shares of 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. Mizuho boosted their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. 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. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Finally, Stephens restated an “overweight” rating and set a $90.00 target price on shares of Fidelity National Information Services in a research report on Tuesday, May 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’s stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $80.45.

Fidelity National Information Services Trading Up 2.8 %

FIS stock traded up $2.13 during trading on Tuesday, reaching $78.26. 4,316,456 shares of the stock traded hands, compared to its average volume of 4,130,478. The business’s 50 day moving average price is $75.87 and its 200-day moving average price is $72.15. The firm has a market capitalization of $43.53 billion, a PE ratio of -7.65, a P/E/G ratio of 0.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $78.73.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm posted $1.55 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.84%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

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 business’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

About Fidelity National Information Services

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.