Ascent Group LLC Sells 14,529 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Ascent Group LLC decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 72.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,601 shares of the information technology services provider's stock after selling 14,529 shares during the quarter. Ascent Group LLC's holdings in Fidelity National Information Services were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Graypoint LLC grew its stake in Fidelity National Information Services by 4.6% during the 3rd 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 last quarter. Atomi Financial Group Inc. lifted its position in Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock valued at $349,000 after purchasing an additional 135 shares during the last quarter. Aptus Capital Advisors LLC grew its position in Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after purchasing an additional 137 shares during the last quarter. Concord Wealth Partners raised its holdings 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 valued at $37,000 after buying an additional 146 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Fidelity National Information Services by 94.1% in the 3rd 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 in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 0.3 %

NYSE:FIS traded up $0.25 during mid-day trading on Thursday, reaching $85.50. The stock had a trading volume of 4,084,873 shares, compared to its average volume of 3,757,056. 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 has a market cap of $46.03 billion, a P/E ratio of 33.96, a PEG ratio of 0.72 and a beta of 1.03. The business's 50 day moving average is $87.12 and its 200 day moving average is $81.16. Fidelity National Information Services, Inc. has a fifty-two week low of $57.13 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released 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. 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is currently 57.37%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FIS shares. Royal Bank of Canada increased their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Mizuho increased their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th. Finally, Stephens raised their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. One equities 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.