In the market the company is trading up since yesterday’s close of 95.28. Shares last traded at $95.71 just above the 50 day moving average which is $93.56 and slightly over the 200 day moving average of $88.32. The 50 day moving average was up by +2.29% and the 200 day average moved up $7.39.
Short traders are feeling a little more bullish of late if you consider the change in short interest. The company realized a fall in short interest between September 15, 2017 and September 29, 2017 of -2.30%. Short interest fell 103,342 over that timeframe. Days to cover decreased 0.0 to 4.0 and the percentage of shorted shares is 0.01% as of September 29.
Fidelity National Information S (NYSE:FIS) has been the object of insider selling activity recently. Anthony M. Jabbour, Corp EVP – COO disclosed the sale of 100,000 shares. The shares were purchased at an average price of $92.36. The Corp EVP – COO now owns $16,873,167 of the stock per the Form 4 SEC filing.
Fidelity National Information Services, Inc. (FIS), launched on March 2, 2001, is a financial services technology company. The Company focuses on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting and outsourcing solutions. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other..
These firms have modified their investment in FIS. State Treasurer State Of Michigan reduced its ownership by selling 7,800 shares a decrease of 6.3% as of 09/30/2017. State Treasurer State Of Michigan now controls 115,506 shares valued at $10,787,000. The value of the position overall is up by 2.4%. Wealthtrust-arizona, LLC downsized its position by shedding 83 shares a decrease of 23.5% from 06/30/2017 to 09/30/2017. Wealthtrust-arizona, LLC now holds 270 shares with a value of $25,000. The total value of its holdings decreased 16.7%.
As of the end of the quarter Pineno Levin & Ford Asset Management, Inc. had disposed of 400 shares trimming its position 0.9%. The value of the investment in FIS went from $3,648,000 to $3,952,000 a change of 8.3% since the last quarter. Robeco Institutional Asset Management B.v. grew its investment by buying 9,329 shares an increase of 9.6% in the quarter. Robeco Institutional Asset Management B.v. owns 106,203 shares worth $9,920,000. The total value of its holdings increased 19.9%.
On August 3 Barclays held the company rating at “Overweight” but raised the price target to $102.00 from $96.00. August 3 investment analysts at BMO Capital left the company rating at “Overweight” and moved up the price target from $59.00 to $102.00.
On October 10 Baird made no change to the company rating of “Outperform” and raised the price target to $108.00 from $70.00.
Additionally Fidelity National Information S declared a dividend that was paid on Friday the 29th of September 2017. The dividend payment was $0.290 per share for the quarter which is $1.16 annualized. This dividend amount represented a yield of $1.22. The ex-dividend date was Thursday the 14th of September 2017.
The company’s P/E ratio is 47.97 and market capitalization is 31.82B. As of the last earnings report the EPS was $2.00 and is projected to be $4.29 for the current year with 332,412,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.34 with next year’s EPS anticipated to be $4.88.