Swiss National Bank Reduces Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Swiss National Bank lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,651,046 shares of the information technology services provider's stock after selling 55,800 shares during the period. Swiss National Bank owned about 0.30% of Fidelity National Information Services worth $138,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kennebec Savings Bank acquired a new stake in shares of Fidelity National Information Services during the third quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $35,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $35,000. Finally, Concord Wealth Partners boosted its stake in shares of Fidelity National Information Services by 50.2% during the third 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. Institutional investors own 96.23% of the company's stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 626 shares of the firm's stock in a transaction 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 0.7 %

Shares of NYSE:FIS traded up $0.60 during trading on Monday, hitting $88.42. The company had a trading volume of 2,725,976 shares, compared to its average volume of 3,761,250. The stock has a market cap of $47.60 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $53.79 and a one year high of $91.98. The company has a fifty day simple moving average of $86.67 and a two-hundred day simple moving average of $80.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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 business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.94 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on FIS. Robert W. Baird lifted 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. Royal Bank of Canada boosted their price objective on Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Stephens upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Barclays upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average price target of $89.68.

Fidelity National Information Services 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.