Factorial Partners LLC Has $2.40 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Factorial Partners LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 35.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,700 shares of the information technology services provider's stock after selling 16,000 shares during the quarter. Factorial Partners LLC's holdings in Fidelity National Information Services were worth $2,404,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FIS. Boston Partners lifted its holdings in shares of Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock valued at $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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 purchasing an additional 3,535,596 shares during the last quarter. Raymond James & Associates increased 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 worth $343,693,000 after acquiring an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Fidelity National Information Services in the second quarter worth approximately $83,562,000. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of Fidelity National Information Services in the second quarter worth approximately $40,029,000. Institutional investors own 96.23% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BNP Paribas downgraded shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research report on Wednesday. Barclays lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Susquehanna upped their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research report on Tuesday, November 5th. Bank of America boosted their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Finally, TD Cowen upped their target price 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average target price of $91.50.

Fidelity National Information Services Trading Down 0.2 %

Fidelity National Information Services stock traded down $0.18 during mid-day trading on Wednesday, hitting $85.90. The company's stock had a trading volume of 4,353,706 shares, compared to its average volume of 3,760,752. Fidelity National Information Services, Inc. has a 1 year low of $53.79 and a 1 year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $46.24 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The stock's fifty day moving average is $86.85 and its two-hundred day moving average is $80.43.

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 EPS for the quarter, beating the consensus estimate 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 firm's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 annualized dividend and a yield of 1.68%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was 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 owns 32,199 shares of the company's stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein purchased 626 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased 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 directly owns 10,397 shares of the company's stock, valued at $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Fidelity National Information Services 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.