Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Decreased by Financial Counselors Inc.

Financial Counselors Inc. cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,078 shares of the information technology services provider’s stock after selling 305 shares during the period. Financial Counselors Inc.’s holdings in Fidelity National Information Services were worth $6,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blueshift Asset Management LLC purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth about $342,000. Glenmede Trust Co. NA increased its holdings in shares of Fidelity National Information Services by 38.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 327,079 shares of the information technology services provider’s stock valued at $27,393,000 after acquiring an additional 91,332 shares during the last quarter. Fernbridge Capital Management LP raised its stake in shares of Fidelity National Information Services by 11.5% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,286,173 shares of the information technology services provider’s stock valued at $107,717,000 after acquiring an additional 133,039 shares in the last quarter. Cynosure Group LLC bought a new position in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $202,000. Finally, Hardy Reed LLC raised its stake in shares of Fidelity National Information Services by 5.0% in the 3rd quarter. Hardy Reed LLC now owns 5,557 shares of the information technology services provider’s stock valued at $465,000 after acquiring an additional 265 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Mizuho raised their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer initiated coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $85.55 on Friday. The stock’s fifty day simple moving average is $86.99 and its 200 day simple moving average is $80.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $46.06 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 0.71 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $55.98 and a one year 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 analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given 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 dividend yield of 1.68%. Fidelity National Information Services’s payout ratio is currently 57.37%.

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.