Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 488,587 shares of the information technology services provider’s stock after selling 66,606 shares during the period. Citigroup Inc.’s holdings in Fidelity National Information Services were worth $40,919,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services in the third quarter worth about $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Fidelity National Information Services in the second quarter worth about $30,000. Concord Wealth Partners raised its position in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the period. Family Firm Inc. acquired a new position in shares of Fidelity National Information Services in the second quarter worth about $35,000. Finally, EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIS. Compass Point began coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target for the company. Mizuho upped their price target 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target 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, November 5th. Finally, Jefferies Financial Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Trading Up 0.7 %

Shares of Fidelity National Information Services stock opened at $86.08 on Monday. Fidelity National Information Services, Inc. has a 52-week low of $54.65 and a 52-week 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. The company’s 50-day simple moving average is $86.96 and its 200-day simple moving average is $80.69. The firm has a market cap of $46.34 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 0.72 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its 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. 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 analyst estimates of $2.56 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current 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 given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.67%. Fidelity National Information Services’s payout ratio is currently 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.