Horizon Kinetics Asset Management LLC Has $2.67 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Horizon Kinetics Asset Management LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 30.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 31,840 shares of the information technology services provider’s stock after purchasing an additional 7,500 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Fidelity National Information Services were worth $2,667,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FIS. LRI Investments LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter worth $46,000. Price T Rowe Associates Inc. MD grew its position in Fidelity National Information Services by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after buying an additional 11,655 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new position in Fidelity National Information Services during the first quarter valued at about $437,000. Interval Partners LP acquired a new position in Fidelity National Information Services in the 1st quarter valued at approximately $4,118,000. Finally, Fairbanks Capital Management Inc. lifted its position in shares of Fidelity National Information Services by 7.5% in the 1st quarter. Fairbanks Capital Management Inc. now owns 9,816 shares of the information technology services provider’s stock worth $728,000 after acquiring an additional 686 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 $85.61 on Monday. The firm has a 50 day simple moving average of $86.96 and a 200 day simple moving average of $80.69. Fidelity National Information Services, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $46.09 billion, a P/E ratio of 34.29, a P/E/G ratio of 0.73 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Susquehanna boosted their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. Mizuho increased their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company 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 research report on Wednesday, November 20th. 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 research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Insider Buying and Selling

In related news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was 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 insiders.

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.