Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 79.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,983 shares of the information technology services provider’s stock after selling 11,738 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Fidelity National Information Services were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in Fidelity National Information Services by 901.8% during the first quarter. Cetera Investment Advisers now owns 103,983 shares of the information technology services provider’s stock valued at $7,713,000 after buying an additional 93,603 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Fidelity National Information Services by 59.6% during the 1st quarter. Cetera Advisors LLC now owns 9,759 shares of the information technology services provider’s stock valued at $724,000 after purchasing an additional 3,646 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in shares of Fidelity National Information Services by 94.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,400 shares of the information technology services provider’s stock worth $558,000 after purchasing an additional 3,593 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Fidelity National Information Services by 45.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,832 shares of the information technology services provider’s stock worth $138,000 after purchasing an additional 570 shares in the last quarter. Finally, DNB Asset Management AS lifted its stake in Fidelity National Information Services by 6.1% during the second quarter. DNB Asset Management AS now owns 95,491 shares of the information technology services provider’s stock valued at $7,196,000 after purchasing an additional 5,522 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on FIS. Bank of America lifted their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada upped their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley lifted their price target on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Barclays upped 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 note on Thursday, October 10th. One investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now directly 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 accessible 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 completion of the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Down 0.3 %

FIS opened at $85.30 on Monday. The company has a market capitalization of $45.92 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 0.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick 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 of $87.02 and a 200-day moving average of $81.03.

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, beating 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 company earned $0.94 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. 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 1.69%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

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.