Legacy Wealth Asset Management LLC Sells 1,693 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Legacy Wealth Asset Management LLC lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,276 shares of the information technology services provider’s stock after selling 1,693 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Fidelity National Information Services were worth $609,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Linden Thomas Advisory Services LLC bought a new position in shares of Fidelity National Information Services in the second quarter worth about $1,253,000. SG Americas Securities LLC grew its holdings in Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after acquiring an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after purchasing an additional 11,655 shares during the period. Mizuho Markets Americas LLC boosted its stake in shares of Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after purchasing an additional 2,011,848 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Fidelity National Information Services by 17.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock valued at $52,626,000 after buying an additional 106,725 shares during the period. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’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 acquisition, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $89.72 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $91.22. The stock’s fifty day moving average is $84.13 and its two-hundred day moving average is $78.06. The company has a market capitalization of $49.91 billion, a P/E ratio of -8.77, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

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

Fidelity National Information Services Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FIS shares. Jefferies Financial Group upped their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Susquehanna raised their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Barclays increased their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $83.30.

Fidelity National Information Services 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.