Linscomb Wealth Inc. Lowers Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Linscomb Wealth Inc. lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,797 shares of the information technology services provider’s stock after selling 889 shares during the quarter. Linscomb Wealth Inc.’s holdings in Fidelity National Information Services were worth $6,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cadence Bank boosted its stake in Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after purchasing an additional 132 shares in the last quarter. Graypoint LLC lifted its stake in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after buying an additional 132 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock valued at $349,000 after buying an additional 135 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 137 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on FIS shares. Robert W. Baird lifted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada upped their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Stephens boosted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.68.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $1.42 during mid-day trading on Friday, reaching $87.04. 558,076 shares of the company’s stock traded hands, compared to its average volume of 3,755,979. Fidelity National Information Services, Inc. has a 12 month low of $53.76 and a 12 month high of $91.98. The firm has a 50 day moving average price of $86.54 and a two-hundred day moving average price of $79.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $46.86 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

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.