Empire Life Investments Inc. Sells 2,915 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Empire Life Investments Inc. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 236,677 shares of the information technology services provider’s stock after selling 2,915 shares during the quarter. Empire Life Investments Inc.’s holdings in Fidelity National Information Services were worth $19,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Linden Thomas Advisory Services LLC purchased a new position in Fidelity National Information Services during the 2nd quarter valued at $1,253,000. CENTRAL TRUST Co lifted 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 acquiring an additional 10,452 shares during the period. SG Americas Securities LLC grew its holdings in Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after acquiring an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Fidelity National Information Services by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after purchasing an additional 11,655 shares during the period. Finally, Mizuho Markets Americas LLC lifted its position in shares of Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after purchasing an additional 2,011,848 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $89.10 on Friday. The business has a 50-day moving average of $85.46 and a 200 day moving average of $78.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services, Inc. has a 12 month low of $49.81 and a 12 month high of $91.54. The stock has a market capitalization of $48.61 billion, a price-to-earnings ratio of 66.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is 107.46%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on FIS. UBS Group increased their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Oppenheimer started coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Finally, Jefferies Financial Group increased their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.30.

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.