Janney Montgomery Scott LLC Cuts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Janney Montgomery Scott LLC decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,544 shares of the information technology services provider's stock after selling 12,922 shares during the quarter. Janney Montgomery Scott LLC's holdings in Fidelity National Information Services were worth $8,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Fidelity National Information Services by 2.3% during the first quarter. Nordea Investment Management AB now owns 43,236 shares of the information technology services provider's stock worth $3,222,000 after buying an additional 971 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Fidelity National Information Services by 11.8% in the 1st quarter. GSA Capital Partners LLP now owns 6,407 shares of the information technology services provider's stock valued at $475,000 after purchasing an additional 677 shares in the last quarter. Empirical Finance LLC raised its stake in Fidelity National Information Services by 3.5% during the first quarter. Empirical Finance LLC now owns 21,239 shares of the information technology services provider's stock worth $1,576,000 after acquiring an additional 720 shares in the last quarter. Empowered Funds LLC lifted its stake in Fidelity National Information Services by 289.3% in the 1st quarter. Empowered Funds LLC now owns 24,486 shares of the information technology services provider's stock valued at $1,816,000 after purchasing an additional 18,196 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Fidelity National Information Services by 10.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 144,243 shares of the information technology services provider's stock worth $10,700,000 after purchasing an additional 14,133 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company's stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen increased their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday. Susquehanna increased their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a report on Tuesday. Royal Bank of Canada upped their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Jefferies Financial Group upped their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus target price of $88.75.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $1.64 on Friday, hitting $88.32. 1,453,344 shares of the company traded hands, compared to its average volume of 3,770,552. Fidelity National Information Services, Inc. has a 12-month low of $51.57 and a 12-month high of $91.98. The firm's 50-day simple moving average is $85.85 and its 200 day simple moving average is $79.22. The company has a market cap of $48.18 billion, a P/E ratio of 34.53, a P/E/G ratio of 0.80 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's payout ratio is 57.37%.

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.