Integrated Advisors Network LLC Has $298,000 Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Integrated Advisors Network LLC lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 33.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,563 shares of the information technology services provider’s stock after selling 1,816 shares during the period. Integrated Advisors Network LLC’s holdings in Fidelity National Information Services were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services during the 2nd quarter valued at $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth about $35,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $35,000. Palisade Asset Management LLC bought a new position in Fidelity National Information Services in the 1st quarter valued at about $37,000. Finally, Concord Wealth Partners boosted its stake in 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 purchasing an additional 146 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on FIS shares. JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Keefe, Bruyette & Woods raised their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Bank of America raised their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada upped their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.30.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now directly 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 Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Trading Down 0.7 %

Shares of Fidelity National Information Services stock opened at $89.10 on Friday. The stock has a market capitalization of $48.61 billion, a P/E ratio of 66.49, a P/E/G ratio of 0.80 and a beta of 1.08. Fidelity National Information Services, Inc. has a 52-week low of $49.81 and a 52-week high of $91.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50-day simple moving average is $85.46 and its 200 day simple moving average is $78.80.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the company posted $1.55 EPS. Fidelity National Information Services’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.09 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.62%. Fidelity National Information Services’s payout ratio is 107.46%.

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.