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Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Oak Thistle LLC

Fidelity National Information Services logo with Business Services background

Oak Thistle LLC lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,962 shares of the information technology services provider's stock after selling 3,317 shares during the period. Oak Thistle LLC's holdings in Fidelity National Information Services were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIS. Larson Financial Group LLC boosted its holdings in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth about $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $30,000. Concord Wealth Partners increased its stake in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in Fidelity National Information Services in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 96.23% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FIS shares. UBS Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Jefferies Financial Group boosted 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 research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. BNP Paribas lowered Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. Finally, TD Cowen raised their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.00.

Check Out Our Latest Research Report on Fidelity National Information Services

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Trading Down 0.0 %

Fidelity National Information Services stock traded down $0.01 during midday trading on Friday, reaching $78.70. 3,149,968 shares of the stock traded hands, compared to its average volume of 2,263,666. The firm has a market cap of $42.37 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 0.59 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a 50-day simple moving average of $83.12 and a two-hundred day simple moving average of $82.25. Fidelity National Information Services, Inc. has a 12-month low of $58.24 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. The firm 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 business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share. Research analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Fidelity National Information Services Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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