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

Oppenheimer Asset Management Inc. cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 18.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Fidelity National Information Services by 19.1% in the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider's stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fidelity National Information Services by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider's stock valued at $395,729,000 after acquiring an additional 249,678 shares in the last quarter. Legal & General Group Plc raised its position in shares of Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider's stock valued at $372,135,000 after purchasing an additional 75,429 shares in the last quarter. Boston Partners grew its holdings in Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after acquiring an additional 3,868,683 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock valued at $343,693,000 after buying an additional 3,357,329 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FIS. Barclays lifted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. TD Cowen raised their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. UBS Group upped 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 report on Tuesday, November 5th. Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, Mizuho boosted their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.68.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price 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 in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

NYSE:FIS traded up $0.31 on Thursday, reaching $89.19. The stock had a trading volume of 449,710 shares, compared to its average volume of 3,758,434. The company has a market capitalization of $48.02 billion, a P/E ratio of 35.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The stock has a fifty day moving average price of $86.42 and a 200-day moving average price of $79.82. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 1-year low of $53.76 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) 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 firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is currently 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.