Fidelity National Information Services, Inc. (NYSE:FIS) Holdings Cut by Verity & Verity LLC

Verity & Verity LLC lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 49.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,671 shares of the information technology services provider's stock after selling 42,921 shares during the quarter. Verity & Verity LLC's holdings in Fidelity National Information Services were worth $3,657,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its stake in shares of Fidelity National Information Services by 203.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,506 shares of the information technology services provider's stock worth $2,189,000 after buying an additional 19,775 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Fidelity National Information Services by 286.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 20,961 shares of the information technology services provider's stock worth $1,555,000 after buying an additional 15,534 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Fidelity National Information Services by 2.8% during the 1st quarter. Bessemer Group Inc. now owns 12,806 shares of the information technology services provider's stock worth $950,000 after buying an additional 348 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth $461,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Fidelity National Information Services by 1.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 453,682 shares of the information technology services provider's stock worth $33,670,000 after buying an additional 4,957 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Insiders Place Their Bets

In related news, EVP Lenore D. Williams sold 11,305 shares of the firm'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 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 approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, 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 Stock Down 2.6 %

Shares of FIS traded down $2.34 during midday trading on Tuesday, hitting $86.08. The company had a trading volume of 3,054,841 shares, compared to its average volume of 3,758,106. The company's 50 day moving average price is $86.85 and its 200 day moving average price is $80.43. The stock has a market cap of $46.34 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $53.79 and a 52 week high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current 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 given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is presently 57.37%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their target price on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Bank of America lifted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Oppenheimer started coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a "market perform" rating for the company. Finally, TD Cowen lifted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.68.

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.