Fidelity National Information Services, Inc. (NYSE:FIS) Stake Increased by Prospector Partners LLC

Prospector Partners LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,422 shares of the information technology services provider’s stock after buying an additional 765 shares during the quarter. Prospector Partners LLC’s holdings in Fidelity National Information Services were worth $13,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank bought a new stake in Fidelity National Information Services in the third quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Fidelity National Information Services during the 2nd quarter worth $30,000. Concord Wealth Partners raised its holdings in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was bought 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. The trade was a 6.41 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 2.0 %

Shares of FIS stock opened at $84.39 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a fifty day moving average of $86.95 and a 200-day moving average of $80.77. Fidelity National Information Services, Inc. has a 52-week low of $55.24 and a 52-week high of $91.98. The stock has a market cap of $45.43 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 0.73 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released 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. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.71%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Analysts Set New Price Targets

Several research firms have weighed in on FIS. Morgan Stanley raised their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. UBS Group boosted their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Stephens increased their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Susquehanna boosted their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. Finally, Barclays raised their target price 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 analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

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.