Drucker Wealth 3.0 LLC Sells 1,037 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Drucker Wealth 3.0 LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.4% during the third quarter, Holdings Channel.com reports. The firm owned 29,875 shares of the information technology services provider’s stock after selling 1,037 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Fidelity National Information Services were worth $2,502,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of FIS. Larson Financial Group LLC raised its stake in shares of Fidelity National Information Services by 94.1% in the third 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 period. Kennebec Savings Bank bought a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $30,000. EdgeRock Capital LLC bought a new position in Fidelity National Information Services in the 2nd quarter worth $35,000. Finally, Family Firm Inc. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth $35,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value 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 represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction dated 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 purchase, the director now 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. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

FIS stock opened at $85.34 on Monday. The firm has a market cap of $45.94 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 0.72 and a beta of 1.04. Fidelity National Information Services, Inc. has a twelve month low of $57.13 and a twelve month 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. The business’s fifty day simple moving average is $87.21 and its two-hundred day simple moving average is $81.29.

Fidelity National Information Services (NYSE:FIS) last announced 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. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid 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 currently 57.37%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIS. Keefe, Bruyette & Woods upped their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Stephens boosted 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. Robert W. Baird raised their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Barclays boosted 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 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.