Fmr LLC Boosts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

FMR LLC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,794,215 shares of the information technology services provider's stock after purchasing an additional 174,673 shares during the period. FMR LLC owned about 0.52% of Fidelity National Information Services worth $234,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Graypoint LLC increased its stake in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after purchasing an additional 132 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after acquiring an additional 135 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after acquiring an additional 137 shares during the period. Concord Wealth Partners lifted its holdings in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after purchasing an additional 146 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 159 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost 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. 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 Trading Down 0.0 %

Shares of FIS stock traded down $0.04 during trading hours on Monday, hitting $85.26. 1,122,947 shares of the company's stock traded hands, compared to its average volume of 3,741,726. The stock has a market cap of $45.90 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 0.72 and a beta of 1.06. The stock's 50 day simple moving average is $87.02 and its 200 day simple 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 12 month low of $57.13 and a 12 month high of $91.98.

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

Fidelity National Information Services Dividend Announcement

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

Analysts Set New Price Targets

FIS has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Oppenheimer assumed coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. BNP Paribas downgraded Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Finally, Bank of America raised their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

About Fidelity National Information Services

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.