Ascent Group LLC Has $469,000 Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Ascent Group LLC trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 72.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,601 shares of the information technology services provider’s stock after selling 14,529 shares during the period. Ascent Group LLC’s holdings in Fidelity National Information Services were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $308,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Fidelity National Information Services by 1.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 33,945 shares of the information technology services provider’s stock worth $2,843,000 after buying an additional 335 shares during the period. B&L Asset Management LLC acquired a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $352,000. Erste Asset Management GmbH acquired a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $4,481,000. Finally, True Wealth Design LLC acquired a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $59,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. TD Cowen raised their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Stephens raised 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 report on Friday, October 18th. Morgan Stanley raised their target price 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. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Barclays raised 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 note on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Insider Transactions at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost 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 approximately $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.

Fidelity National Information Services Trading Up 0.0 %

FIS stock opened at $85.25 on Thursday. 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 fifty day moving average price of $87.12 and a two-hundred day moving average price of $81.16. Fidelity National Information Services, Inc. has a one year low of $57.13 and a one year high of $91.98. The stock has a market cap of $45.89 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date 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.