Fidelity National Information Services (FIS), a technology solutions provider for financial institutions and businesses, reported revenue of $3.71 billion for the quarter ending February 13, 2017. The company had a positive return on equity of 9.71% and a negative net margin of 115.07%, but still managed to post $1.71 earnings per share for the quarter. Despite the lower-than-expected earnings per share, FIS recently increased its quarterly dividend from $0.47 to $0.52 per share. However, the company’s stock has been the subject of mixed reviews from equities research analysts. On the other hand, company insiders recently purchased shares of FIS. For those interested in tracking FIS or other financial investments, they can visit holdingschannel.com for the latest 13F filings and insider trades.
Fulton Bank N.A. reduces stake in Fidelity National Information Services
Fulton Bank N.A. has sold 1,859 shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the fourth quarter, reducing its stake in the company by 27%. According to its recent filing with the SEC, several other hedge funds and institutional investors have also bought and sold shares of FIS.
Other Institutional investors’ positions in FIS
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Dodge & Cox purchased a new position in Fidelity National Information Services during the second quarter worth $572,490,000.
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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Fidelity National Information Services by 580.4% during the third quarter, owning 2,405,927 shares valued at $181,816,000.
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Goldman Sachs Group Inc. increased its position in shares of Fidelity National Information Services by 18.9% during the second quarter, owning 8,668,569 shares valued at $794,647,000.
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FMR LLC increased its position in shares of Fidelity National Information Services by 15.0% during the second quarter, owning 10,076,950 shares valued at $923,754,000.
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Point72 Asset Management L.P. increased its position in shares of Fidelity National Information Services by 63.7% during the third quarter, owning 3,331,045 shares valued at $251,727,000.
Institutional investors now own 90.25% of the company’s stock.
FIS stock information
FIS shares opened at $51.64 on Friday, with a market cap of $30.57 billion, a PE ratio of -1.83, a P/E/G ratio of 0.84, and a beta of 0.84. The company has a fifty-day moving average of $67.70 and a two-hundred-day moving average of $71.95. The company’s 52-week low is $49.14, and the 52-week high is $106.65. Fidelity National Information Services has a quick ratio of 0.79, a current ratio of 0.79, and a debt-to-equity ratio of 0.52.
Fidelity National Information Services’ recent earnings report
Fidelity National Information Services (NYSE:FIS – Get Rating) reported its earnings results on February 13th. The company’s Q4 2022 earnings per share were $1.71, beating analysts’ consensus estimates of $1.70 by $0.01. The company had a positive return on equity of 9.71% and a negative net margin of 115.07%. The company’s revenue for the quarter was $3.71 billion, compared to analyst estimates of $3.69 billion. In the same quarter the previous year, the company’s earnings per share were $1.92, while the revenue was up 1.1% compared to the same quarter last year. Sell-side analysts expect the company to post $5.88 EPS for the current year.
Fidelity National Information Services Increases Dividend
The company declared a quarterly dividend recently, which will be paid on March 24th. Stockholders of record on March 10th will receive a dividend of $0.52 per share. The ex-dividend date is March 9th. This represents a $2.08 annualized dividend and a dividend yield of 4.03%, which is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.47. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -7.37%.
Wall Street Analysts Forecast Growth
According to Wall Street analysts, the company is expected to experience growth in the future.
Analysts’ views on Fidelity National Information Services
Several equities research analysts recently commented on Fidelity National Information Services’ stock. Evercore ISI reduced their price target on the shares to $95.00 in December 2016. Citigroup downgraded the stock from a “buy” rating to a “neutral” rating, and lowered their price target from $85.00 to $70.00 in February 2017. Jefferies Financial Group reduced their target price from $65.00 to $60.00 in a report on March 2017, while Wells Fargo & Company cut their price objective from $67.00 to $65.00 in the same month. StockNews.com initiated coverage on Fidelity National Information Services and issued a “sell” rating for the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.91. Two analysts have rated the stock as a “sell,” ten have issued a “hold” rating, eleven have given a “buy” rating, and one has given a “strong buy” rating to the company’s stock.
Insider Activity
There is no information provided about insider activity.
Insider Activity
On February 22, 2017, Director Jeffrey E. Stiefler purchased 2,243 shares of Fidelity National Information Services’ stock at an average price of $66.88 per share, for a total transaction of $150,011.84. Following the completion of the purchase, the director now owns 3,343 shares in the company, valued at approximately $223,579.84. CFO Erik D. Hoag also sold 5,658 shares of Fidelity National Information Services stock in a transaction dated March 7th, 2017, at an average price of $63.88 per share, for a total value of $361,433.04. Following the transaction, the chief financial officer now owns 16,368 shares in the company, valued at $1,045,587.84. Insiders own 0.68% of the company’s stock.
Fidelity National Information Services Company Profile
Fidelity National Information Services, Inc is a technology solutions provider for financial institutions and businesses. It operates through four segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment provides core processing software, transaction processing software, and complementary applications and services to financial institutions. The Merchant segment offers payment-related solutions for merchants of all sizes. The Capital Markets segment offers a suite of solutions to capital markets firms, including risk management, compliance, trading, and connectivity services. The Corporate and Other segment includes the unallocated corporate expenses and operations.
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