Toronto Dominion Bank Sells 91,169 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Toronto Dominion Bank decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 33.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,818 shares of the information technology services provider's stock after selling 91,169 shares during the period. Toronto Dominion Bank's holdings in Fidelity National Information Services were worth $15,479,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Fidelity National Information Services by 982.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock valued at $293,560,000 after acquiring an additional 3,535,596 shares during the period. Raymond James & Associates boosted its stake in Fidelity National Information Services by 449.8% during 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 period. Jupiter Asset Management Ltd. bought a new position in shares of Fidelity National Information Services in the second quarter worth approximately $83,562,000. Zurich Insurance Group Ltd FI bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth $40,029,000. Finally, Fernbridge Capital Management LP raised its position in Fidelity National Information Services by 67.2% during the second quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider's stock valued at $86,900,000 after purchasing an additional 463,613 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company's stock, valued at $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Performance

FIS stock traded down $0.81 during trading on Friday, reaching $84.10. The stock had a trading volume of 2,204,697 shares, compared to its average volume of 3,735,632. The firm has a market cap of $45.28 billion, a PE ratio of 33.83, a PEG ratio of 0.72 and a beta of 1.03. 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 stock's 50 day moving average is $87.30 and its two-hundred day moving average is $81.45. Fidelity National Information Services, Inc. has a 52 week low of $58.24 and a 52 week high of $91.98.

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, 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 company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The firm's revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. Fidelity National Information Services's dividend payout ratio (DPR) is 57.37%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Oppenheimer started coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a "market perform" rating on the stock. Stephens lifted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Jefferies Financial Group increased their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Finally, UBS Group lifted their target price 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

Fidelity National Information Services Company 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.