Cynosure Group LLC Takes $202,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cynosure Group LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,406 shares of the information technology services provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hardy Reed LLC grew its stake in shares of Fidelity National Information Services by 5.0% during the 3rd quarter. Hardy Reed LLC now owns 5,557 shares of the information technology services provider’s stock worth $465,000 after purchasing an additional 265 shares during the period. Townsquare Capital LLC boosted its position in Fidelity National Information Services by 0.7% during the third quarter. Townsquare Capital LLC now owns 36,064 shares of the information technology services provider’s stock worth $3,020,000 after purchasing an additional 241 shares in the last quarter. J. Stern & Co. LLP purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $54,000. Avestar Capital LLC acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at $274,000. Finally, Brooklyn Investment Group purchased a new position in Fidelity National Information Services during the third quarter valued at $62,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were bought 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 in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were 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 directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on FIS shares. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Bank of America increased their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Susquehanna boosted their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley lifted their target price on shares of 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $85.33 on Friday. The firm has a market capitalization of $45.94 billion, a PE ratio of 34.00, 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. The business’s fifty day moving average price is $87.02 and its 200 day moving average price is $80.97. Fidelity National Information Services, Inc. has a 12 month low of $57.13 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 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.