SageView Advisory Group LLC Lowers Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

SageView Advisory Group LLC lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,025 shares of the information technology services provider’s stock after selling 380 shares during the period. SageView Advisory Group LLC’s holdings in Fidelity National Information Services were worth $923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FIS. The Manufacturers Life Insurance Company grew its holdings in shares of Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after acquiring an additional 3,535,596 shares during the period. Raymond James & Associates increased its position in Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Fidelity National Information Services in the second quarter worth $83,562,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at $40,029,000. Finally, Fernbridge Capital Management LP boosted its stake in shares of Fidelity National Information Services by 67.2% during the second quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider’s stock valued at $86,900,000 after acquiring an additional 463,613 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.3 %

Shares of Fidelity National Information Services stock opened at $85.50 on Friday. Fidelity National Information Services, Inc. has a one year low of $57.13 and a one year high of $91.98. 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 stock’s 50-day moving average is $87.17 and its 200 day moving average is $81.19. The firm has a market cap of $46.03 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 0.72 and a beta of 1.03.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business 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 quarterly 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. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 57.37%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Oppenheimer started coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Jefferies Financial Group lifted their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

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.