Fidelity National Information Services, Inc. (NYSE:FIS) Stock Holdings Boosted by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,809 shares of the information technology services provider’s stock after purchasing an additional 655 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Fidelity National Information Services were worth $487,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Kennebec Savings Bank acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $30,000. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $35,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $35,000. Finally, Concord Wealth Partners lifted its position in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

NYSE FIS opened at $85.90 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50-day moving average is $86.89 and its two-hundred day moving average is $80.46. The firm has a market cap of $46.24 billion, a P/E ratio of 34.22, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $53.79 and a fifty-two week high of $91.98.

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

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Morgan Stanley increased their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Bank of America raised their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Barclays raised their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Company 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.