Kingsview Wealth Management LLC Lowers Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Kingsview Wealth Management LLC trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 91.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,848 shares of the information technology services provider's stock after selling 30,865 shares during the quarter. Kingsview Wealth Management LLC's holdings in Fidelity National Information Services were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its position in shares of Fidelity National Information Services by 28.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,955 shares of the information technology services provider's stock valued at $664,000 after acquiring an additional 2,007 shares during the period. Comerica Bank grew its stake in Fidelity National Information Services by 11.8% during the 1st quarter. Comerica Bank now owns 122,532 shares of the information technology services provider's stock valued at $9,089,000 after purchasing an additional 12,969 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Fidelity National Information Services in the first quarter valued at about $46,000. Cetera Investment Advisers lifted its holdings in shares of Fidelity National Information Services by 901.8% during the first quarter. Cetera Investment Advisers now owns 103,983 shares of the information technology services provider's stock worth $7,713,000 after purchasing an additional 93,603 shares during the period. Finally, Cetera Advisors LLC boosted its position in Fidelity National Information Services by 59.6% in the first quarter. Cetera Advisors LLC now owns 9,759 shares of the information technology services provider's stock valued at $724,000 after buying an additional 3,646 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.25 during trading on Friday, reaching $85.30. The stock had a trading volume of 1,126,820 shares, compared to its average volume of 3,753,276. The business has a fifty day moving average price of $87.02 and a 200-day moving average price of $80.97. Fidelity National Information Services, Inc. has a 1-year low of $57.13 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $45.92 billion, a PE ratio of 33.98, a PEG ratio of 0.72 and a beta of 1.06.

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. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the business earned $0.94 earnings per share. The company's quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities 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. Investors of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. Fidelity National Information Services's dividend payout ratio is presently 57.37%.

Insider Buying and Selling

In related news, EVP Lenore D. Williams sold 11,305 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Goldstein bought 626 shares of the 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 purchase, the director now owns 10,397 shares of the company's stock, valued at $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FIS shares. Morgan Stanley upped their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. 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 research report on Tuesday, November 5th. Stephens boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Jefferies Financial Group raised their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Finally, Compass Point began coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They issued a "buy" rating and a $126.00 price target for the company. One investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

Fidelity National Information Services Company 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.