Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,146 shares of the information technology services provider’s stock after selling 2,055 shares during the period. Insight Wealth Strategies LLC’s holdings in Fidelity National Information Services were worth $2,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FIS. The Manufacturers Life Insurance Company grew its position in shares of Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after acquiring an additional 3,535,596 shares in the last quarter. Raymond James & Associates increased its stake in Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after purchasing an additional 3,357,329 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $83,562,000. Nordea Investment Management AB lifted its position in shares of Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after buying an additional 562,154 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $40,029,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Susquehanna raised their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. Stephens boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Mizuho raised their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased 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 report on Tuesday, November 5th. Finally, Jefferies Financial Group upped their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.19.

Insider Buying and Selling at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction 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. This trade represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS traded down $1.02 during mid-day trading on Monday, hitting $79.24. The company’s stock had a trading volume of 1,410,488 shares, compared to its average volume of 1,547,762. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week high of $91.98. The stock has a market capitalization of $42.66 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 0.72 and a beta of 1.04. The firm has a 50-day moving average price of $85.15 and a 200 day moving average price of $82.11. 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 (NYSE:FIS) last posted its quarterly 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. 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 was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 earnings per share. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.82%. Fidelity National Information Services’s 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.