Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Csenge Advisory Group

Csenge Advisory Group trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 23.9% in the first quarter, Holdings Channel reports. The fund owned 8,164 shares of the information technology services provider’s stock after selling 2,564 shares during the period. Csenge Advisory Group’s holdings in Fidelity National Information Services were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $29,000. Rise Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the 1st quarter valued at approximately $29,000. Delta Asset Management LLC TN lifted its holdings in shares of Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 450 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $35,000. Finally, Palisade Asset Management LLC purchased a new position in Fidelity National Information Services in the 1st quarter valued at approximately $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were acquired at an average cost of $72.37 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Mizuho raised their price objective on Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Royal Bank of Canada raised their price target on Fidelity National Information Services from $82.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Wedbush reissued an “outperform” rating and set a $75.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Finally, Stephens reissued an “overweight” rating and set a $90.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Eight investment 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.32.

Fidelity National Information Services Trading Up 2.1 %

Fidelity National Information Services stock traded up $1.52 during midday trading on Thursday, reaching $75.44. The stock had a trading volume of 979,211 shares, compared to its average volume of 4,299,645. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $78.73. The stock has a market capitalization of $41.96 billion, a PE ratio of -7.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50-day simple moving average is $75.63 and its 200 day simple moving average is $69.59.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The firm 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 firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is presently -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.