Morris Capital Advisors LLC Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Morris Capital Advisors LLC lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,131 shares of the information technology services provider’s stock after purchasing an additional 263 shares during the period. Fidelity National Information Services accounts for approximately 2.1% of Morris Capital Advisors LLC’s portfolio, making the stock its 25th largest position. Morris Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $2,395,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FIS. Brown Brothers Harriman & Co. boosted its holdings in shares of Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 130 shares during the period. SRS Capital Advisors Inc. lifted its holdings in Fidelity National Information Services by 298.7% in the first quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider’s stock worth $30,000 after buying an additional 224 shares during the period. FinTrust Capital Advisors LLC lifted its holdings in Fidelity National Information Services by 248.3% in the first quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock worth $31,000 after buying an additional 221 shares during the period. Tcwp LLC purchased a new stake in Fidelity National Information Services in the first quarter worth about $33,000. Finally, Financial Management Professionals Inc. lifted its holdings in Fidelity National Information Services by 159.9% in the second quarter. Financial Management Professionals Inc. now owns 356 shares of the information technology services provider’s stock worth $33,000 after buying an additional 219 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on FIS shares. Wolfe Research lowered their price objective on shares of Fidelity National Information Services from $165.00 to $135.00 in a report on Wednesday, July 20th. KeyCorp lowered their price objective on shares of Fidelity National Information Services from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Fidelity National Information Services from $116.00 to $90.00 in a report on Friday. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $120.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, September 6th. Finally, Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $141.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Insider Transactions at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 2,500 shares of Fidelity National Information Services stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the transaction, the executive vice president now owns 21,334 shares in the company, valued at approximately $2,133,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Keith W. Hughes sold 5,337 shares of Fidelity National Information Services stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $100.28, for a total transaction of $535,194.36. Following the transaction, the director now owns 24,194 shares in the company, valued at approximately $2,426,174.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lenore D. Williams sold 2,500 shares of Fidelity National Information Services stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the transaction, the executive vice president now owns 21,334 shares in the company, valued at approximately $2,133,400. The disclosure for this sale can be found here. Insiders have sold 207,240 shares of company stock worth $18,934,354 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

NYSE:FIS traded down $0.22 during trading hours on Friday, reaching $80.29. The company had a trading volume of 399,674 shares, compared to its average volume of 4,577,430. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.25. Fidelity National Information Services, Inc. has a 52 week low of $78.77 and a 52 week high of $126.20. The firm has a market cap of $48.81 billion, a price-to-earnings ratio of 59.13, a PEG ratio of 0.78 and a beta of 0.78. The firm’s 50 day moving average price is $94.80 and its 200-day moving average price is $96.81.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.67 billion. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. On average, analysts forecast that Fidelity National Information Services, Inc. will post 7.07 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is presently 136.23%.

Fidelity National Information Services Profile

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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