Y Intercept Hong Kong Ltd Sells 15,567 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Y Intercept Hong Kong Ltd decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 33.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,120 shares of the information technology services provider's stock after selling 15,567 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Fidelity National Information Services were worth $2,606,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in 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 during the period. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services during the third quarter worth $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 worth $30,000. Concord Wealth Partners lifted its position in Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in Fidelity National Information Services in the 3rd quarter worth $37,000. Institutional investors own 96.23% of the company's stock.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company's stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares of the company's stock, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $1.07 on Tuesday, hitting $84.85. The company had a trading volume of 3,196,123 shares, compared to its average volume of 3,754,177. The stock has a market cap of $45.68 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 0.72 and a beta of 1.04. The stock has a 50 day moving average price of $87.21 and a 200 day moving average price of $81.35. Fidelity National Information Services, Inc. has a 1-year low of $57.13 and a 1-year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results 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. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the firm earned $0.94 EPS. The business's revenue was up 3.1% on a year-over-year basis. Analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend 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 Analysts Forecast Growth

FIS has been the topic of a number of research reports. Oppenheimer began coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. TD Cowen upped their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. BNP Paribas downgraded shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Finally, Compass Point began coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.50.

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.