Oppenheimer Asset Management Inc. Has $9.51 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Oppenheimer Asset Management Inc. lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,561 shares of the information technology services provider's stock after selling 25,466 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Fidelity National Information Services were worth $9,511,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FIS. Cadence Bank lifted its stake in Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider's stock valued at $530,000 after purchasing an additional 132 shares during the last quarter. Graypoint LLC lifted its position in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock valued at $253,000 after buying an additional 132 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after acquiring an additional 135 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after acquiring an additional 137 shares during the last quarter. Finally, Concord Wealth Partners lifted its holdings 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 purchasing an additional 146 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

NYSE FIS traded down $0.42 during trading on Thursday, hitting $88.46. 3,183,097 shares of the company's stock were exchanged, compared to its average volume of 3,770,799. The company has a market cap of $47.62 billion, a PE ratio of 35.41, a P/E/G ratio of 0.74 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $91.98. The stock's 50 day moving average price is $86.42 and its two-hundred day moving average price is $79.82.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 company earned $0.94 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FIS shares. Oppenheimer started coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Barclays upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target 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. Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Finally, Susquehanna upped their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus target price of $89.68.

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.