Investors Buy Shares of Fidelity National Information Servcs (FIS) on Weakness

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Investors purchased shares of Fidelity National Information Servcs Inc (NYSE:FIS) on weakness during trading hours on Friday. $78.14 million flowed into the stock on the tick-up and $41.59 million flowed out of the stock on the tick-down, for a money net flow of $36.55 million into the stock. Of all companies tracked, Fidelity National Information Servcs had the 21st highest net in-flow for the day. Fidelity National Information Servcs traded down ($0.65) for the day and closed at $110.90

A number of research firms recently issued reports on FIS. Guggenheim boosted their target price on shares of Fidelity National Information Servcs to $135.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Keefe, Bruyette & Woods began coverage on shares of Fidelity National Information Servcs in a report on Monday, April 8th. They issued an “outperform” rating and a $136.00 target price for the company. Cantor Fitzgerald restated a “buy” rating and issued a $122.00 target price on shares of Fidelity National Information Servcs in a report on Tuesday, April 2nd. Barclays boosted their target price on shares of Fidelity National Information Servcs from $129.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Finally, Wedbush boosted their target price on shares of Fidelity National Information Servcs from $110.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Fidelity National Information Servcs has an average rating of “Buy” and an average target price of $125.54.

The stock has a market cap of $36.47 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.27 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Fidelity National Information Servcs had a net margin of 10.06% and a return on equity of 16.71%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Servcs Inc will post 7.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.26%. Fidelity National Information Servcs’s payout ratio is currently 26.77%.

In other news, Director Alexandar Navab, Jr. bought 5,075 shares of Fidelity National Information Servcs stock in a transaction dated Thursday, March 21st. The shares were acquired at an average cost of $107.22 per share, with a total value of $544,141.50. Following the completion of the transaction, the director now owns 5,075 shares in the company, valued at approximately $544,141.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary Norcross sold 160,000 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $108.81, for a total transaction of $17,409,600.00. Following the completion of the sale, the chief executive officer now directly owns 249,434 shares in the company, valued at $27,140,913.54. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aspire Private Capital LLC acquired a new stake in Fidelity National Information Servcs in the fourth quarter valued at $145,000. Toth Financial Advisory Corp bought a new stake in Fidelity National Information Servcs during the first quarter valued at $315,000. BOKF NA increased its stake in Fidelity National Information Servcs by 1.4% during the fourth quarter. BOKF NA now owns 33,262 shares of the information technology services provider’s stock valued at $3,411,000 after purchasing an additional 466 shares during the last quarter. Braun Stacey Associates Inc. increased its stake in Fidelity National Information Servcs by 1.4% during the fourth quarter. Braun Stacey Associates Inc. now owns 104,304 shares of the information technology services provider’s stock valued at $10,697,000 after purchasing an additional 1,482 shares during the last quarter. Finally, Bremer Trust National Association bought a new stake in Fidelity National Information Servcs during the fourth quarter valued at $110,000. 90.12% of the stock is currently owned by hedge funds and other institutional investors.

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About Fidelity National Information Servcs (NYSE:FIS)

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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