Teachers Retirement System of The State of Kentucky decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 22.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,228 shares of the information technology services provider's stock after selling 81,957 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.05% of Fidelity National Information Services worth $23,553,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FIS. Larson Financial Group LLC boosted its holdings in shares of Fidelity National Information Services by 94.1% during the 3rd 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 bought a new position in Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services in the second quarter worth $30,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the second quarter valued at $35,000. Finally, Family Firm Inc. acquired a new position in shares of Fidelity National Information Services during the second quarter valued at about $35,000. Institutional investors and hedge funds own 96.23% of the company's stock.
Insider Buying and Selling at Fidelity National Information Services
In related news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.
Fidelity National Information Services Stock Performance
Shares of Fidelity National Information Services stock traded down $0.37 on Thursday, reaching $84.91. 2,091,180 shares of the company traded hands, compared to its average volume of 3,741,484. The company has a 50 day moving average of $87.27 and a 200 day moving average of $81.42. 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, Inc. has a 52 week low of $57.13 and a 52 week high of $91.98. The firm has a market capitalization of $45.71 billion, a PE ratio of 33.83, a PEG ratio of 0.72 and a beta of 1.03.
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 the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 earnings per share. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is currently 57.37%.
Wall Street Analyst Weigh In
FIS has been the subject of a number of research analyst reports. Susquehanna boosted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research report on Tuesday, November 5th. UBS Group boosted their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price 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. Mizuho lifted 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 research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $91.50.
Get Our Latest Report on FIS
About Fidelity National Information Services
(
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.
See Also
![Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=FIS)
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