Horizon Kinetics Asset Management LLC Has $2.67 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Horizon Kinetics Asset Management LLC lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 30.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,840 shares of the information technology services provider's stock after acquiring an additional 7,500 shares during the period. Horizon Kinetics Asset Management LLC's holdings in Fidelity National Information Services were worth $2,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Boston Partners increased its stake in shares of Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the period. The Manufacturers Life Insurance Company increased its position in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock worth $293,560,000 after buying an additional 3,535,596 shares during the period. Raymond James & Associates lifted its holdings in shares of Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after buying an additional 3,357,329 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $83,562,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Fidelity National Information Services in the second quarter worth $40,029,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the firm's 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 sale, the executive vice president now owns 32,199 shares of the company's stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey A. Goldstein bought 626 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was 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. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Price Performance

NYSE:FIS traded down $1.69 during mid-day trading on Monday, reaching $84.39. 6,316,087 shares of the company were exchanged, compared to its average volume of 3,774,928. Fidelity National Information Services, Inc. has a 12 month low of $55.24 and a 12 month high of $91.98. The company has a fifty day moving average of $86.96 and a 200 day moving average of $80.69. The stock has a market cap of $45.43 billion, a PE ratio of 34.29, a PEG ratio of 0.73 and a beta of 1.06. 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 (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, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for 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%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. Fidelity National Information Services's payout ratio is presently 57.37%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Mizuho upped their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Jefferies Financial Group upped their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Bank of America lifted their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Finally, Oppenheimer assumed coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a "market perform" rating for the company. 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.