Atria Investments Inc Trims Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Atria Investments Inc reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,732 shares of the information technology services provider’s stock after selling 7,065 shares during the period. Atria Investments Inc’s holdings in Fidelity National Information Services were worth $5,756,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth $30,000. Concord Wealth Partners grew its position in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $35,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $35,000. Finally, LRI Investments LLC purchased a new position in Fidelity National Information Services in the 1st quarter worth approximately $46,000. 96.23% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost 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 in the company, valued at approximately $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 can be accessed through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. UBS Group raised their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Susquehanna increased their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley increased their target price on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $88.72 on Tuesday. The firm has a 50 day moving average of $86.07 and a 200 day moving average of $79.50. The company has a quick ratio of 1.35, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $47.76 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $52.14 and a 52 week high of $91.98.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.62%. 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.