Fidelity National Information Services, Inc. $FIS Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 54.6% in the third quarter, HoldingsChannel reports. The firm owned 49,552 shares of the information technology services provider’s stock after selling 59,647 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Fidelity National Information Services were worth $1,630,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FIS. BlackRock Inc. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $1,730,200,000. South Dakota Investment Council increased its stake in shares of Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock worth $10,696,000 after acquiring an additional 72,040 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth about $2,448,000. Nykredit A S purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $5,143,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $10,891,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Down 3.0%

FIS stock opened at $38.95 on Wednesday. The stock has a market capitalization of $20.13 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a 1-year low of $32.10 and a 1-year high of $68.37. The business has a fifty day moving average price of $36.91 and a 200-day moving average price of $43.64.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the company earned $1.36 EPS. Fidelity National Information Services’s revenue for the quarter was up 29.1% on a year-over-year basis. Equities analysts forecast that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, December 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.

Insider Activity

In related news, Director Jeffrey Goldstein purchased 1,585 shares of Fidelity National Information Services stock in a transaction dated Thursday, October 15th. The stock was purchased at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the purchase, the director directly owned 18,697 shares of the company’s stock, valued at $680,570.80. The trade was a 9.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stephens assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. They set an “equal weight” rating and a $50.00 price objective on the stock. Susquehanna lowered their target price on shares of Fidelity National Information Services from $46.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Piper Sandler initiated coverage on Fidelity National Information Services in a research report on Friday, September 11th. They issued a “neutral” rating and a $42.00 price target on the stock. Wells Fargo & Company lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $58.00 to $46.00 in a research report on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, September 29th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $49.04.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.