BNP Paribas Financial Markets Sells 61,454 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

BNP Paribas Financial Markets reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.0% during the 1st quarter, HoldingsChannel reports. The fund owned 706,238 shares of the information technology services provider’s stock after selling 61,454 shares during the period. BNP Paribas Financial Markets’ holdings in Fidelity National Information Services were worth $52,389,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Brown Brothers Harriman & Co. boosted its position in shares of Fidelity National Information Services by 14.4% during 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 buying an additional 166 shares during the period. CKW Financial Group boosted its position in shares of Fidelity National Information Services by 10.5% during the first quarter. CKW Financial Group now owns 2,100 shares of the information technology services provider’s stock valued at $153,000 after buying an additional 200 shares during the period. Penbrook Management LLC boosted its position in shares of Fidelity National Information Services by 5.1% during the first quarter. Penbrook Management LLC now owns 4,124 shares of the information technology services provider’s stock valued at $306,000 after buying an additional 200 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Fidelity National Information Services by 1.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock valued at $1,178,000 after buying an additional 232 shares during the period. Finally, HF Advisory Group LLC boosted its position in shares of Fidelity National Information Services by 1.6% during the first quarter. HF Advisory Group LLC now owns 14,590 shares of the information technology services provider’s stock valued at $1,082,000 after buying an additional 233 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $0.39 during trading hours on Friday, reaching $75.42. 2,256,111 shares of the company’s stock were exchanged, compared to its average volume of 3,882,314. The stock’s 50 day moving average is $75.27 and its 200-day moving average is $69.21. 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 fifty-two week low of $46.91 and a fifty-two week high of $78.73.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the firm earned $1.29 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts expect that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, June 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research reports. Susquehanna boosted their price target on Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a report on Wednesday, May 8th. Mizuho boosted their price target on Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 9th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Robert W. Baird boosted their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Finally, Barclays boosted their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.32.

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.