Kowal Investment Group LLC Sells 158 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Kowal Investment Group LLC decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,680 shares of the information technology services provider’s stock after selling 158 shares during the quarter. Kowal Investment Group LLC’s holdings in Fidelity National Information Services were worth $1,089,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock valued at $3,199,306,000 after purchasing an additional 6,503,451 shares during the last quarter. FIL Ltd boosted its stake in Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after acquiring an additional 2,758,049 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fidelity National Information Services by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock valued at $506,753,000 after purchasing an additional 121,154 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Fidelity National Information Services by 6.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after purchasing an additional 537,180 shares during the period. Finally, Norges Bank acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $478,594,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $0.54 during midday trading on Monday, hitting $74.82. 1,094,667 shares of the company were exchanged, compared to its average volume of 4,416,877. The firm’s 50 day moving average price is $74.82 and its two-hundred day moving average price is $68.80. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current 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 released its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.14. 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 $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the firm posted $1.29 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Analysts Set New Price Targets

A number of research firms have issued reports on FIS. BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Thursday, April 11th. TD Cowen increased their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Susquehanna increased their price objective on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upped their target price 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. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

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.