Banque Cantonale Vaudoise Lowers Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Banque Cantonale Vaudoise cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 93.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,373 shares of the information technology services provider's stock after selling 18,230 shares during the quarter. Banque Cantonale Vaudoise's holdings in Fidelity National Information Services were worth $115,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services in the 2nd quarter worth approximately $1,253,000. CENTRAL TRUST Co raised its holdings in shares of Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock worth $991,000 after purchasing an additional 10,452 shares during the last quarter. SG Americas Securities LLC lifted its position in Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider's stock valued at $16,775,000 after purchasing an additional 189,484 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider's stock valued at $60,300,000 after purchasing an additional 11,655 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Fidelity National Information Services by 51.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider's stock worth $6,344,000 after purchasing an additional 25,701 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FIS shares. Morgan Stanley boosted their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. UBS Group upped their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Barclays lifted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $91.50.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares of the company's stock, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company'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 value of $994,500.85. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Performance

FIS opened at $86.08 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $54.65 and a twelve month high of $91.98. The firm has a market capitalization of $46.34 billion, a PE ratio of 34.29, a PEG ratio of 0.73 and a beta of 1.06. 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's 50-day moving average price is $86.96 and its 200 day moving average price is $80.60.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the firm posted $0.94 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. Fidelity National Information Services's dividend payout ratio is presently 57.37%.

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.