Crescent Grove Advisors LLC Sells 22,133 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Crescent Grove Advisors LLC cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,433 shares of the information technology services provider's stock after selling 22,133 shares during the period. Fidelity National Information Services accounts for 2.3% of Crescent Grove Advisors LLC's portfolio, making the stock its 10th largest holding. Crescent Grove Advisors LLC's holdings in Fidelity National Information Services were worth $22,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FIS. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services during the 2nd quarter valued at $30,000. Concord Wealth Partners boosted its holdings in shares of Fidelity National Information Services by 50.2% during the 3rd 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. Family Firm Inc. acquired a new position in Fidelity National Information Services in the 2nd quarter valued at about $35,000. EdgeRock Capital LLC bought a new position in Fidelity National Information Services in the 2nd quarter valued at about $35,000. Finally, LRI Investments LLC acquired a new stake in Fidelity National Information Services during the first quarter worth approximately $46,000. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company's stock, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Price Performance

FIS stock traded down $0.16 during trading on Wednesday, reaching $86.41. 8,002,281 shares of the company were exchanged, compared to its average volume of 3,779,365. Fidelity National Information Services, Inc. has a twelve month low of $49.91 and a twelve month high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $47.14 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a 50-day moving average of $85.85 and a two-hundred day moving average of $79.22.

Fidelity National Information Services (NYSE:FIS - Get Free Report) 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 company had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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 issued a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada upped their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a research report on Tuesday. Robert W. Baird lifted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday. TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday. Barclays lifted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $88.75.

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.