Stifel Financial Corp Increases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Stifel Financial Corp boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,032 shares of the information technology services provider's stock after acquiring an additional 7,151 shares during the period. Stifel Financial Corp's holdings in Fidelity National Information Services were worth $15,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC boosted its stake in shares of 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 valued at $27,000 after purchasing an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in Fidelity National Information Services during the second quarter valued at approximately $30,000. Concord Wealth Partners raised its holdings in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in Fidelity National Information Services in the third quarter worth $37,000. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Up 0.5 %

NYSE FIS traded up $0.40 during midday trading on Wednesday, hitting $85.23. 1,610,829 shares of the company traded hands, compared to its average volume of 3,744,750. Fidelity National Information Services, Inc. has a 52 week low of $57.13 and a 52 week high of $91.98. The company's 50-day simple moving average is $87.23 and its 200-day simple moving average is $81.40. The company has a market cap of $45.88 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results 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 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 period in the previous year, the company posted $0.94 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction 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 acquisition, the director now owns 10,397 shares of the company's stock, valued at $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Susquehanna boosted their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a report on Tuesday, November 5th. Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Royal Bank of Canada raised their target price on shares of 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. Morgan Stanley raised 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. Finally, Bank of America lifted 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.