Independent Advisor Alliance Sells 200 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Independent Advisor Alliance lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.9% in the third quarter, Holdings Channel.com reports. The fund owned 6,712 shares of the information technology services provider’s stock after selling 200 shares during the period. Independent Advisor Alliance’s holdings in Fidelity National Information Services were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd increased its position in Fidelity National Information Services by 154.4% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 10,254 shares of the information technology services provider’s stock valued at $859,000 after purchasing an additional 6,223 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Fidelity National Information Services by 6.2% during the third quarter. Daiwa Securities Group Inc. now owns 70,643 shares of the information technology services provider’s stock valued at $5,917,000 after buying an additional 4,121 shares during the period. Marco Investment Management LLC bought a new position in Fidelity National Information Services in the third quarter worth about $209,000. Summit Trail Advisors LLC boosted its position in Fidelity National Information Services by 14.0% during the 3rd quarter. Summit Trail Advisors LLC now owns 5,114 shares of the information technology services provider’s stock valued at $428,000 after acquiring an additional 630 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in Fidelity National Information Services by 1.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 71,404 shares of the information technology services provider’s stock valued at $5,980,000 after acquiring an additional 1,227 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. 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 the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was 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.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research analyst reports. Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Jefferies Financial Group boosted their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Bank of America upped their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Stock Up 0.7 %

FIS stock opened at $85.55 on Thursday. 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 1-year low of $55.98 and a 1-year high of $91.98. The stock has a market capitalization of $46.06 billion, a P/E ratio of 34.08, a P/E/G ratio of 0.71 and a beta of 1.06. The business has a fifty day moving average price of $86.97 and a 200-day moving average price of $80.87.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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 net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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 paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.68%. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

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.