Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,778,703 shares of the information technology services provider’s stock after selling 16,374 shares during the period. Janus Henderson Group PLC owned about 0.68% of Fidelity National Information Services worth $280,303,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC lifted its stake in Fidelity National Information Services by 26.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,300,199 shares of the information technology services provider’s stock worth $96,449,000 after acquiring an additional 274,203 shares in the last quarter. Ascent Group LLC acquired a new stake in Fidelity National Information Services in the 1st quarter valued at about $1,381,000. Transcendent Capital Group LLC acquired a new stake in Fidelity National Information Services in the 1st quarter valued at about $294,000. Mount Yale Investment Advisors LLC acquired a new stake in Fidelity National Information Services in the 1st quarter valued at about $437,000. Finally, Price T Rowe Associates Inc. MD raised its position in Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after purchasing an additional 11,655 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $1.02 during midday trading on Tuesday, hitting $76.74. The company had a trading volume of 1,993,460 shares, compared to its average volume of 4,162,489. The company’s 50 day simple moving average is $75.90 and its 200 day simple moving average is $71.00. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $78.73. The stock has a market cap of $42.69 billion, a price-to-earnings ratio of -7.49, a PEG ratio of 0.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share 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 company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the business posted $1.29 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FIS. Susquehanna reaffirmed a “positive” rating and issued a $86.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, July 10th. Barclays increased their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, Wedbush reissued an “outperform” rating and set a $75.00 target price on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $79.42.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The stock was acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

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.