Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,534,411 shares of the information technology services provider’s stock after selling 593,938 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Fidelity National Information Services were worth $547,257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity National Information Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after purchasing an additional 249,678 shares in the last quarter. Legal & General Group Plc lifted its stake in Fidelity National Information Services by 1.6% in the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after acquiring an additional 75,429 shares during the last quarter. Boston Partners boosted its holdings in Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after acquiring an additional 3,357,329 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after purchasing an additional 3,535,596 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey A. Goldstein purchased 626 shares of the business’s 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 purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIS. UBS Group increased their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Bank of America upped their target price on shares of 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. Barclays lifted their price objective 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. Mizuho increased their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley boosted their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $85.75 on Friday. The stock has a market cap of $46.16 billion, a PE ratio of 34.16, a PEG ratio of 0.73 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $53.93 and a 52 week high of $91.98. The company’s fifty day moving average is $86.92 and its 200 day moving average is $80.50. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business earned $0.94 EPS. Fidelity National Information Services’s revenue was up 3.1% compared to the same quarter last year. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business 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 dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. Fidelity National Information Services’s payout ratio is presently 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.