Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,092,517 shares of the information technology services provider’s stock after selling 360,235 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.32% of Fidelity National Information Services worth $593,998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Graypoint LLC lifted its stake in shares of Fidelity National Information Services by 4.6% during the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after buying an additional 132 shares during the period. Atomi Financial Group Inc. lifted its stake in shares of Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after buying an additional 135 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after buying an additional 137 shares during the period. Concord Wealth Partners lifted its stake 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 buying an additional 146 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 0.7 %

FIS stock opened at $85.55 on Friday. The stock has a market capitalization of $46.06 billion, a P/E ratio of 34.08, a P/E/G ratio of 0.71 and a beta of 1.06. The firm has a 50-day simple moving average of $86.99 and a 200-day simple moving average of $80.91. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52 week low of $55.98 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the company earned $0.94 EPS. Fidelity National Information Services’s revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors 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 yield of 1.68%. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FIS shares. TD Cowen boosted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Compass Point started coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price for the company. Oppenheimer started coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Susquehanna boosted their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

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.