Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Lowered by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 53.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,676 shares of the information technology services provider's stock after selling 16,606 shares during the period. Kovitz Investment Group Partners LLC's holdings in Fidelity National Information Services were worth $1,229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIS. Larson Financial Group LLC increased its stake in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services during the 3rd quarter worth $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services during the 2nd quarter worth $30,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services during the 2nd quarter worth $35,000. Finally, Family Firm Inc. acquired a new position in Fidelity National Information Services during the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $0.46 on Wednesday, hitting $85.29. The company had a trading volume of 2,347,613 shares, compared to its average volume of 3,748,292. The business has a 50-day simple moving average of $87.23 and a 200-day simple moving average of $81.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $45.92 billion, a PE ratio of 33.82, a PEG ratio of 0.72 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52 week low of $57.13 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business's revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. Research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm 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 dividend of $0.36 per share. 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 dividend payout ratio is presently 57.37%.

Analysts Set New Price Targets

Several research analysts have weighed in on FIS shares. Barclays raised their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised 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 report on Tuesday, November 5th. Susquehanna raised their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a report on Tuesday, November 5th. TD Cowen raised their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, Stephens raised their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average price target of $91.50.

Insider Activity at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the 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 of the company's stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company's stock, valued at approximately $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

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.