Fidelity National Information Services, Inc. $FIS Stake Cut by Machina Capital S.A.S.

Machina Capital S.A.S. trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 88.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,666 shares of the information technology services provider’s stock after selling 60,222 shares during the period. Machina Capital S.A.S.’s holdings in Fidelity National Information Services were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FIS. Pension & Wealth Management Advisors Inc. acquired a new position in Fidelity National Information Services during the third quarter worth $35,000. N.E.W. Advisory Services LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at $58,000. Bank & Trust Co acquired a new stake in Fidelity National Information Services in the third quarter valued at $51,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in Fidelity National Information Services by 96.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 972 shares during the period. Finally, Raleigh Capital Management Inc. purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $71,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 1,585 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were bought at an average cost of $36.40 per share, with a total value of $57,694.00. Following the purchase, the director directly owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kourtney Gibson acquired 1,800 shares of the stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of $29.00 per share, with a total value of $52,200.00. Following the transaction, the director owned 5,903 shares of the company’s stock, valued at approximately $171,187. This trade represents a 43.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

FIS has been the subject of several recent analyst reports. Piper Sandler reduced their price objective on shares of Fidelity National Information Services from $42.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, November 5th. Robert W. Baird lowered their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, September 25th. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $50.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. Sanford C. Bernstein reduced their price target on shares of Fidelity National Information Services from $48.00 to $31.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Oppenheimer lowered Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.12.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $1.20 during midday trading on Friday, hitting $29.56. 7,684,170 shares of the stock were exchanged, compared to its average volume of 9,554,000. Fidelity National Information Services, Inc. has a twelve month low of $27.93 and a twelve month high of $68.37. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average price of $34.98 and a 200-day moving average price of $42.37. The stock has a market cap of $15.24 billion, a P/E ratio of 4.41, a PEG ratio of 0.40 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the company earned $1.51 EPS. The firm’s revenue was up 27.1% on a year-over-year basis. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.85 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.76 annualized dividend and a yield of 6.0%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 26.27%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.