Evergreen Wealth Management LLC Cuts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Evergreen Wealth Management LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 20.5% during the third quarter, Holdings Channel reports. The firm owned 18,693 shares of the information technology services provider’s stock after selling 4,813 shares during the quarter. Evergreen Wealth Management LLC’s holdings in Fidelity National Information Services were worth $1,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the second quarter valued at approximately $30,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services in the second quarter valued at approximately $35,000. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Finally, Concord Wealth Partners increased its position in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $0.64 during trading hours on Friday, hitting $87.82. The company had a trading volume of 2,655,968 shares, compared to its average volume of 3,765,780. Fidelity National Information Services, Inc. has a 1-year low of $53.76 and a 1-year high of $91.98. The company has a market cap of $47.28 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06. The business has a 50 day moving average of $86.67 and a 200-day moving average of $80.01. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders 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 annualized dividend and a dividend yield of 1.64%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FIS. Jefferies Financial Group upped their price objective on 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. Susquehanna upped their price objective on 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. Stephens upped their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Barclays increased their target price on 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 investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.68.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services 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.