Pathway Financial Advisers LLC Lowers Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Pathway Financial Advisers LLC trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 81.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,654 shares of the information technology services provider’s stock after selling 11,598 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Fidelity National Information Services were worth $222,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the 2nd quarter worth about $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services during the second quarter worth approximately $35,000. Palisade Asset Management LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at approximately $37,000. Finally, Rothschild Investment LLC acquired a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $45,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stephens boosted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Oppenheimer initiated coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. TD Cowen raised their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Barclays increased their price objective 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. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.30.

Fidelity National Information Services Stock Down 0.7 %

FIS stock opened at $89.72 on Friday. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $91.22. The firm has a market cap of $49.91 billion, a PE ratio of -8.77, a PEG ratio of 0.77 and a beta of 1.08. The firm’s 50 day moving average price is $84.35 and its 200-day moving average price is $78.21. 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 posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

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.