DekaBank Deutsche Girozentrale Decreases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

DekaBank Deutsche Girozentrale cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 218,013 shares of the information technology services provider’s stock after selling 9,301 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fidelity National Information Services were worth $17,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services during the 2nd quarter valued at about $30,000. Family Firm Inc. bought a new position in Fidelity National Information Services during the second quarter valued at approximately $35,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services in the second quarter worth approximately $35,000. Palisade Asset Management LLC bought a new stake in Fidelity National Information Services in the 1st quarter worth approximately $37,000. Finally, LRI Investments LLC purchased a new stake in Fidelity National Information Services during the 1st quarter valued at $46,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FIS. JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Barclays boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, TD Cowen lifted their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.30.

Fidelity National Information Services Price Performance

FIS stock opened at $90.01 on Wednesday. The company has a market capitalization of $50.07 billion, a PE ratio of -8.80, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company’s fifty day moving average price is $84.81 and its 200-day moving average price is $78.51. Fidelity National Information Services, Inc. has a one year low of $47.31 and a one year high of $91.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

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.