Lake Street Advisors Group LLC Sells 346 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Lake Street Advisors Group LLC cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,334 shares of the information technology services provider’s stock after selling 346 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Fidelity National Information Services were worth $531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Heritage Oak Wealth Advisors LLC bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth about $267,000. Moody Lynn & Lieberson LLC bought a new position in Fidelity National Information Services in the third quarter worth approximately $219,000. Mount Yale Investment Advisors LLC grew its stake in Fidelity National Information Services by 6.3% in the third quarter. Mount Yale Investment Advisors LLC now owns 10,582 shares of the information technology services provider’s stock valued at $886,000 after acquiring an additional 631 shares during the period. Dakota Wealth Management increased its holdings in shares of Fidelity National Information Services by 2.3% during the third quarter. Dakota Wealth Management now owns 10,371 shares of the information technology services provider’s stock valued at $869,000 after acquiring an additional 238 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Fidelity National Information Services by 2.1% during the third quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock worth $1,683,000 after purchasing an additional 412 shares during the period. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

FIS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. TD Cowen boosted their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada upped their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.30.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost 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. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $89.72 on Friday. The firm has a market cap of $49.91 billion, a price-to-earnings ratio of -8.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The stock has a fifty day simple moving average of $84.35 and a two-hundred day simple moving average of $78.18. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $91.22.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

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.