Legacy Wealth Asset Management LLC Decreases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Legacy Wealth Asset Management LLC lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.9% in the third quarter, HoldingsChannel.com reports. The fund owned 7,276 shares of the information technology services provider’s stock after selling 1,693 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Fidelity National Information Services were worth $609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Heritage Oak Wealth Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth $267,000. Moody Lynn & Lieberson LLC purchased a new position in Fidelity National Information Services during the third quarter worth approximately $219,000. Mount Yale Investment Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 6.3% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 10,582 shares of the information technology services provider’s stock valued at $886,000 after purchasing an additional 631 shares during the last quarter. Dakota Wealth Management raised its position in shares of Fidelity National Information Services by 2.3% in the 3rd quarter. Dakota Wealth Management now owns 10,371 shares of the information technology services provider’s stock worth $869,000 after buying an additional 238 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Fidelity National Information Services by 2.1% during the third quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock worth $1,683,000 after acquiring an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $89.72 on Friday. The stock has a fifty day moving average of $84.13 and a 200-day moving average of $78.06. The company has a market capitalization of $49.91 billion, a PE ratio of -8.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $91.22.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.60%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on FIS shares. Susquehanna boosted their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Stephens increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. TD Cowen boosted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Barclays raised their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.30.

About Fidelity National Information Services

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.