Fidelity National Information Services, Inc. (NYSE:FIS) Position Reduced by Ceera Investments LLC

Ceera Investments LLC cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,550 shares of the information technology services provider’s stock after selling 1,867 shares during the period. Fidelity National Information Services accounts for approximately 2.9% of Ceera Investments LLC’s portfolio, making the stock its 6th largest holding. Ceera Investments LLC’s holdings in Fidelity National Information Services were worth $7,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Linden Thomas Advisory Services LLC bought a new stake in shares of Fidelity National Information Services during the second quarter valued at about $1,253,000. CENTRAL TRUST Co boosted its stake in Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after buying an additional 10,452 shares in the last quarter. SG Americas Securities LLC boosted its stake in Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after buying an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after buying an additional 11,655 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Fidelity National Information Services by 51.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after buying an additional 25,701 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on FIS shares. Susquehanna increased their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. Oppenheimer assumed coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley increased their price objective on 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. Finally, Barclays increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.68.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 0.7 %

Shares of NYSE:FIS opened at $87.82 on Friday. Fidelity National Information Services, Inc. has a 52-week low of $53.76 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $47.28 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 0.74 and a beta of 1.06. The stock’s 50-day simple moving average is $86.67 and its two-hundred day simple moving average is $80.09.

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 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 firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s payout ratio is currently 57.37%.

Fidelity National Information Services 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.