Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Factorial Partners LLC

Factorial Partners LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 35.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,700 shares of the information technology services provider’s stock after selling 16,000 shares during the quarter. Factorial Partners LLC’s holdings in Fidelity National Information Services were worth $2,404,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Kennebec Savings Bank acquired a new position in Fidelity National Information Services in 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 in the second quarter valued at about $30,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the second quarter worth about $35,000. Family Firm Inc. acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $35,000. Finally, Concord Wealth Partners increased its position 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 purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Mizuho boosted their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $89.68.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $86.08 on Wednesday. The stock has a fifty day moving average price of $86.85 and a 200 day moving average price of $80.43. Fidelity National Information Services, Inc. has a 1-year low of $53.79 and a 1-year high of $91.98. 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 company has a market cap of $46.34 billion, a PE ratio of 34.29, a P/E/G ratio of 0.74 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (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 firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

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 issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

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.