United Services Automobile Association Reduces Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

United Services Automobile Association cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 17.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,395 shares of the information technology services provider’s stock after selling 2,891 shares during the quarter. United Services Automobile Association’s holdings in Fidelity National Information Services were worth $1,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Cetera Advisors LLC lifted its position in shares of Fidelity National Information Services by 59.6% during the first quarter. Cetera Advisors LLC now owns 9,759 shares of the information technology services provider’s stock worth $724,000 after acquiring an additional 3,646 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Fidelity National Information Services by 25.8% in the 2nd quarter. Park Avenue Securities LLC now owns 7,436 shares of the information technology services provider’s stock worth $560,000 after purchasing an additional 1,524 shares during the period. CWM LLC grew its holdings in Fidelity National Information Services by 31.2% during the 2nd quarter. CWM LLC now owns 13,294 shares of the information technology services provider’s stock valued at $1,002,000 after buying an additional 3,165 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 8.2% in the second quarter. Capital Investment Advisors LLC now owns 3,031 shares of the information technology services provider’s stock worth $228,000 after buying an additional 229 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Fidelity National Information Services by 13.6% in the second quarter. QRG Capital Management Inc. now owns 38,565 shares of the information technology services provider’s stock valued at $2,906,000 after acquiring an additional 4,627 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred 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 transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $85.34 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a fifty-two week low of $57.13 and a fifty-two week high of $91.98. The business has a 50 day moving average price of $87.21 and a 200-day moving average price of $81.26. The firm has a market cap of $45.94 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03.

Fidelity National Information Services (NYSE:FIS) last posted its 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. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Equities research analysts predict 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 disclosed 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. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.69%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Analyst Ratings Changes

Several research firms have issued reports on FIS. TD Cowen increased 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 research note on Tuesday, November 5th. Royal Bank of Canada boosted their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Compass Point initiated coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target on the stock. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Barclays lifted their target price 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 Thursday, October 10th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

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.