ING Groep NV Lowers Position in Fidelity National Information Services, Inc. (NYSE:FIS)

ING Groep NV lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 60.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,497 shares of the information technology services provider's stock after selling 41,303 shares during the quarter. ING Groep NV's holdings in Fidelity National Information Services were worth $2,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIS. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services during the 3rd quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the second quarter valued at approximately $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Finally, Concord Wealth Partners lifted its stake 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 acquiring an additional 146 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Barclays lifted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Stephens lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price objective on 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. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price of $89.68.

Fidelity National Information Services Price Performance

NYSE FIS traded down $0.64 during mid-day trading on Friday, hitting $87.82. The stock had a trading volume of 2,655,968 shares, compared to its average volume of 3,568,467. The firm's 50 day moving average is $86.67 and its 200 day moving average is $80.09. 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 stock has a market capitalization of $47.28 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $53.76 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results 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. 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 company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared 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 of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction 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 of the company's stock, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company's stock.

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.