Swiss National Bank Sells 55,800 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Swiss National Bank lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% in the third quarter, Holdings Channel reports. The institutional investor owned 1,651,046 shares of the information technology services provider’s stock after selling 55,800 shares during the period. Swiss National Bank’s holdings in Fidelity National Information Services were worth $138,275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Claro Advisors LLC acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $208,000. Atlanta Consulting Group Advisors LLC acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $342,000. Maxwell Wealth Strategies Inc. acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $1,294,000. Empirical Finance LLC increased its position in Fidelity National Information Services by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 20,063 shares of the information technology services provider’s stock valued at $1,680,000 after purchasing an additional 328 shares during the period. Finally, CIBC Asset Management Inc increased its position in Fidelity National Information Services by 6.7% during the 3rd quarter. CIBC Asset Management Inc now owns 136,219 shares of the information technology services provider’s stock valued at $11,408,000 after purchasing an additional 8,595 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $87.82 on Monday. The stock has a market cap of $47.28 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 0.74 and a beta of 1.06. The business’s fifty day moving average is $86.67 and its 200 day moving average is $80.18. Fidelity National Information Services, Inc. has a twelve month low of $53.76 and a twelve month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. Research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were purchased 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 owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent analyst reports. 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. Barclays raised their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Mizuho raised their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. UBS Group raised their price objective 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, November 5th. Finally, Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $89.68.

Fidelity National Information Services 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.