Linscomb Wealth Inc. Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Linscomb Wealth Inc. lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,797 shares of the information technology services provider’s stock after selling 889 shares during the quarter. Linscomb Wealth Inc.’s holdings in Fidelity National Information Services were worth $6,851,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at about $360,000. Poehling Capital Management INC. raised its position in shares of Fidelity National Information Services by 0.3% during the 1st quarter. Poehling Capital Management INC. now owns 102,937 shares of the information technology services provider’s stock valued at $7,636,000 after buying an additional 303 shares in the last quarter. Mizuho Markets Americas LLC raised its position in shares of Fidelity National Information Services by 115.9% during the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after buying an additional 2,011,848 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at about $4,855,000. Finally, Vanguard Group Inc. raised its position in shares of Fidelity National Information Services by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after buying an additional 11,023,109 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 1.6 %

FIS traded down $1.42 on Friday, hitting $87.04. The company had a trading volume of 558,076 shares, compared to its average volume of 3,755,979. The stock has a market capitalization of $46.86 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 0.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a fifty day moving average price of $86.54 and a 200-day moving average price of $79.88. Fidelity National Information Services, Inc. has a 12-month low of $53.76 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.65%. Fidelity National Information Services’s payout ratio is 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FIS shares. Bank of America increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Mizuho increased their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Jefferies Financial Group increased their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Susquehanna increased their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.68.

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.