Fluent Financial LLC Sells 3,046 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Fluent Financial LLC lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,917 shares of the information technology services provider’s stock after selling 3,046 shares during the quarter. Fidelity National Information Services accounts for 2.0% of Fluent Financial LLC’s holdings, making the stock its 18th biggest position. Fluent Financial LLC’s holdings in Fidelity National Information Services were worth $4,097,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after acquiring an additional 11,023,109 shares in the last quarter. Boston Partners raised its stake in shares of Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after buying an additional 3,535,596 shares during the last quarter. FIL Ltd grew its stake in shares of Fidelity National Information Services by 27.3% in the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after buying an additional 2,758,049 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after buying an additional 2,011,848 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Up 1.1 %

FIS traded up $0.92 during trading on Friday, reaching $84.63. 2,108,605 shares of the company’s stock were exchanged, compared to its average volume of 3,847,924. The stock has a market capitalization of $47.08 billion, a PE ratio of -8.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $85.63. The firm has a fifty day moving average price of $80.76 and a two-hundred day moving average price of $76.49. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.70%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIS. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. TD Cowen boosted their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Oppenheimer began coverage on Fidelity National Information Services in a research report on Tuesday. They issued a “market perform” rating for the company. UBS Group lifted their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Eleven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

About Fidelity National Information Services

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.