Barclays PLC Trims Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Barclays PLC lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 22.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,476,528 shares of the information technology services provider's stock after selling 417,411 shares during the period. Barclays PLC owned approximately 0.27% of Fidelity National Information Services worth $123,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIS. Larson Financial Group LLC lifted its holdings in shares of 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 acquiring an additional 159 shares during the period. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Finally, Family Firm Inc. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of FIS traded up $0.46 during trading hours on Wednesday, hitting $85.29. The company's stock 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 two-hundred 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. Fidelity National Information Services, Inc. has a 52-week low of $57.13 and a 52-week high of $91.98. The company has a market cap of $45.92 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 0.72 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating 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 company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the business earned $0.94 earnings per share. Fidelity National Information Services's revenue was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 626 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were bought 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 directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was 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. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Susquehanna upped 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 research report on Tuesday, November 5th. 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.50.

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.