WoodTrust Financial Corp Sells 46,233 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

WoodTrust Financial Corp trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 91.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,212 shares of the information technology services provider's stock after selling 46,233 shares during the quarter. WoodTrust Financial Corp's holdings in Fidelity National Information Services were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cadence Bank increased its holdings in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider's stock worth $530,000 after acquiring an additional 132 shares during the last quarter. Graypoint LLC increased its holdings 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 purchasing an additional 132 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of Fidelity National Information Services by 3.4% in the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock valued at $349,000 after purchasing an additional 135 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider's stock worth $166,000 after buying an additional 143 shares during the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of 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 worth $37,000 after buying an additional 146 shares during the period. 96.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FIS. JPMorgan Chase & Co. raised their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Tuesday. TD Cowen boosted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, UBS Group raised their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average target price of $88.75.

Fidelity National Information Services Price Performance

NYSE FIS traded down $0.44 during trading on Thursday, hitting $86.00. 2,254,670 shares of the company's stock were exchanged, compared to its average volume of 3,772,378. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market cap of $46.92 billion, a PE ratio of 34.43, a P/E/G ratio of 0.79 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $50.85 and a fifty-two week high of $91.98. The stock's 50 day moving average price is $85.85 and its two-hundred day moving average price is $79.22.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. 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 firm earned $0.94 earnings per share. The business's quarterly revenue was up 3.1% on a year-over-year basis. Research analysts expect that Fidelity National Information Services, Inc. will post 5.09 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's payout ratio is presently 57.37%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost 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. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.20% of the company's stock.

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.