Moran Wealth Management LLC Sells 8,889 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Moran Wealth Management LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 14.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,932 shares of the information technology services provider's stock after selling 8,889 shares during the period. Moran Wealth Management LLC's holdings in Fidelity National Information Services were worth $4,266,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its position in Fidelity National Information Services by 203.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,506 shares of the information technology services provider's stock valued at $2,189,000 after buying an additional 19,775 shares during the period. Bessemer Group Inc. lifted its position in Fidelity National Information Services by 2.8% during the first quarter. Bessemer Group Inc. now owns 12,806 shares of the information technology services provider's stock valued at $950,000 after buying an additional 348 shares during the period. Lake Street Advisors Group LLC purchased a new position in Fidelity National Information Services during the first quarter valued at $461,000. Cadence Bank lifted its position in Fidelity National Information Services by 1.9% during the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider's stock valued at $530,000 after buying an additional 132 shares during the period. Finally, Toronto Dominion Bank lifted its position in Fidelity National Information Services by 2.1% during the first quarter. Toronto Dominion Bank now owns 339,731 shares of the information technology services provider's stock valued at $25,201,000 after buying an additional 6,959 shares during the period. Institutional investors own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares of the company's stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of the business's 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 transaction, the director now directly owns 10,397 shares in the company, valued at $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. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Price Performance

Shares of FIS traded down $0.13 during mid-day trading on Thursday, hitting $85.77. 1,832,785 shares of the stock were exchanged, compared to its average volume of 3,752,637. The company has a market cap of $46.17 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52-week low of $53.93 and a 52-week high of $91.98. The firm has a 50-day moving average of $86.89 and a two-hundred day moving average of $80.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm posted $0.94 EPS. Fidelity National Information Services's quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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 dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.68%. Fidelity National Information Services's payout ratio is presently 57.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho lifted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. UBS Group lifted their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted 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. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their price objective 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus target price 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.