Nicholas Hoffman & Company LLC. Sells 1,759 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Nicholas Hoffman & Company LLC. decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,722 shares of the information technology services provider’s stock after selling 1,759 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Fidelity National Information Services were worth $730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Fidelity National Information Services by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock worth $395,729,000 after buying an additional 249,678 shares during the period. Legal & General Group Plc increased its stake in shares of Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after acquiring an additional 75,429 shares during the last quarter. Boston Partners raised its position in shares of Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after acquiring an additional 3,868,683 shares during the period. Finally, Raymond James & Associates boosted its stake in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after acquiring an additional 3,357,329 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Down 0.9 %

Shares of Fidelity National Information Services stock opened at $90.01 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day simple moving average of $84.81 and a two-hundred day simple moving average of $78.51. Fidelity National Information Services, Inc. has a 1 year low of $47.31 and a 1 year high of $91.28. The company has a market capitalization of $50.07 billion, a price-to-earnings ratio of -8.80, a P/E/G ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company posted $1.55 EPS. Fidelity National Information Services’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIS. Susquehanna upped their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Jefferies Financial Group increased their price target 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. Barclays lifted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $83.30.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price 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. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

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.