Securian Asset Management Inc. Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Securian Asset Management Inc. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,984 shares of the information technology services provider’s stock after selling 2,913 shares during the period. Securian Asset Management Inc.’s holdings in Fidelity National Information Services were worth $2,410,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIS shares. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a research report on Monday, July 22nd. Evercore ISI boosted their target price 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 reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Wedbush reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $80.45.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $1.54 during trading hours on Monday, hitting $76.05. 1,397,077 shares of the company were exchanged, compared to its average volume of 4,118,984. The business has a 50-day moving average of $75.82 and a 200-day moving average of $71.95. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $78.73. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $42.30 billion, a price-to-earnings ratio of -7.48, a P/E/G ratio of 0.77 and a beta of 1.06.

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

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders 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 dividend on an annualized basis and a yield of 1.89%. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling 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 on Monday, July 15th. The stock was bought 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 in the company, valued at approximately $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

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.