Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 117.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,964 shares of the information technology services provider's stock after purchasing an additional 25,870 shares during the period. Cerity Partners LLC's holdings in Fidelity National Information Services were worth $4,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Dimensional Fund Advisors LP boosted its stake in shares of Fidelity National Information Services by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider's stock worth $395,729,000 after acquiring an additional 249,678 shares in the last quarter. Legal & General Group Plc increased its position in shares of Fidelity National Information Services by 1.6% during the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider's stock worth $372,135,000 after purchasing an additional 75,429 shares in the last quarter. Raymond James & Associates raised its position in shares of Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock valued at $343,693,000 after buying an additional 3,357,329 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in 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 purchasing an additional 3,535,596 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Fidelity National Information Services by 9.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,654,754 shares of the information technology services provider's stock worth $124,702,000 after buying an additional 140,417 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Down 0.3 %

Shares of NYSE:FIS traded down $0.25 during midday trading on Friday, hitting $85.30. 1,126,820 shares of the company's stock traded hands, compared to its average volume of 3,753,276. The firm's fifty day moving average price is $87.02 and its two-hundred day moving average price is $80.97. 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, Inc. has a twelve month low of $57.13 and a twelve month high of $91.98. The company has a market cap of $45.92 billion, a PE ratio of 34.00, a P/E/G ratio of 0.72 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued 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. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The firm's quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed 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 1.69%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is 57.37%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares of the company's stock, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Susquehanna increased their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research note on Tuesday, November 5th. TD Cowen raised their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. UBS Group boosted their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average price target of $91.50.

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.