Synovus Financial Corp Has $1.31 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Synovus Financial Corp raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 68.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,676 shares of the information technology services provider's stock after purchasing an additional 6,349 shares during the period. Synovus Financial Corp's holdings in Fidelity National Information Services were worth $1,313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Information Services by 982.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock valued at $293,560,000 after purchasing an additional 3,535,596 shares during the period. Raymond James & Associates increased its stake in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock valued at $343,693,000 after buying an additional 3,357,329 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $83,562,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $40,029,000. Finally, Fernbridge Capital Management LP boosted its holdings in shares of Fidelity National Information Services by 67.2% in the second quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider's stock valued at $86,900,000 after acquiring an additional 463,613 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Up 0.1 %

Fidelity National Information Services stock traded up $0.12 during trading hours on Tuesday, hitting $83.17. The company had a trading volume of 3,532,352 shares, compared to its average volume of 3,732,603. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week high of $91.98. 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 firm has a market capitalization of $44.77 billion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. The firm's fifty day moving average is $87.26 and its 200-day moving average is $81.65.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. On average, 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 company also recently disclosed 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. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.73%. Fidelity National Information Services's dividend payout ratio is currently 57.37%.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Barclays upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. UBS Group boosted their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Compass Point started coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price for the company. Stephens boosted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their price objective 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.50.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company's stock, valued at $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services 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 transaction, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $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 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.