Dynamic Technology Lab Private Ltd Has $250,000 Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Dynamic Technology Lab Private Ltd reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 79.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,983 shares of the information technology services provider's stock after selling 11,738 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Fidelity National Information Services were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FIS. Daiwa Securities Group Inc. boosted its holdings in Fidelity National Information Services by 6.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 70,643 shares of the information technology services provider's stock valued at $5,917,000 after purchasing an additional 4,121 shares during the period. Marco Investment Management LLC bought a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $209,000. Summit Trail Advisors LLC grew its position in Fidelity National Information Services by 14.0% during the third quarter. Summit Trail Advisors LLC now owns 5,114 shares of the information technology services provider's stock worth $428,000 after buying an additional 630 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Fidelity National Information Services by 1.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 71,404 shares of the information technology services provider's stock worth $5,980,000 after acquiring an additional 1,227 shares during the period. Finally, Larson Financial Group LLC raised its holdings in 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 acquiring an additional 159 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FIS shares. Stephens increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Bank of America raised their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Compass Point began coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They set a "buy" rating and a $126.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird upped their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company's stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Trading Down 0.2 %

NYSE FIS traded down $0.17 on Monday, hitting $85.13. The company's stock had a trading volume of 2,519,763 shares, compared to its average volume of 3,748,029. The firm has a market cap of $45.83 billion, a PE ratio of 33.92, a PEG ratio of 0.72 and a beta of 1.06. The company's 50-day moving average is $87.02 and its 200 day moving average is $81.03. 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, Inc. has a 1-year low of $57.13 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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 issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's 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.