Fidelity National Information Services, Inc. (NYSE:FIS) Stock Holdings Raised by Synovus Financial Corp

Synovus Financial Corp lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 68.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,676 shares of the information technology services provider’s stock after purchasing an additional 6,349 shares during the period. Synovus Financial Corp’s holdings in Fidelity National Information Services were worth $1,313,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Larson Financial Group LLC lifted its holdings in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new position in Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in Fidelity National Information Services in the second quarter worth $30,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the second quarter valued at $35,000. Finally, Family Firm Inc. bought a new stake in Fidelity National Information Services during the second quarter valued at $35,000. 96.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FIS shares. Stephens boosted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Oppenheimer assumed coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Jefferies Financial Group raised their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Compass Point assumed coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price on the stock. Finally, Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Trading Down 1.2 %

Shares of FIS stock opened at $83.08 on Tuesday. The stock has a 50-day simple moving average of $87.26 and a 200 day simple moving average of $81.65. The stock has a market capitalization of $44.73 billion, a P/E ratio of 33.10, a P/E/G ratio of 0.72 and a beta of 1.03. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week high of $91.98. 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 posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts expect 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors 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 dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services 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 transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction dated 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 approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

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.