Fidelity National Information Services, Inc. (NYSE:FIS) Position Reduced by MAI Capital Management

MAI Capital Management reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 51.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,023 shares of the information technology services provider’s stock after selling 5,343 shares during the period. MAI Capital Management’s holdings in Fidelity National Information Services were worth $421,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kennebec Savings Bank acquired a new position in Fidelity National Information Services in the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $35,000. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $35,000. Finally, Concord Wealth Partners raised its stake in 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 acquiring an additional 146 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Compass Point initiated coverage on Fidelity National Information Services in a research note on Wednesday. They issued a “buy” rating and a $126.00 target price for the company. Jefferies Financial Group upped their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. UBS Group increased their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Barclays upped their price target on shares of 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. Finally, Morgan Stanley increased their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Stock Up 0.7 %

FIS stock opened at $86.08 on Friday. 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 firm has a market cap of $46.34 billion, a PE ratio of 34.29, a P/E/G ratio of 0.73 and a beta of 1.06. The firm has a 50 day simple moving average of $86.96 and a 200 day simple moving average of $80.60. Fidelity National Information Services, Inc. has a 12 month low of $54.65 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted 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 net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast 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 firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Activity at Fidelity National Information Services

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

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.