Exchange Traded Concepts LLC Sells 11,192 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Exchange Traded Concepts LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 92.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 898 shares of the information technology services provider’s stock after selling 11,192 shares during the period. Exchange Traded Concepts LLC’s holdings in Fidelity National Information Services were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services during the second quarter worth about $30,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the second quarter valued at approximately $35,000. Family Firm Inc. bought a new stake in Fidelity National Information Services in the second quarter valued at approximately $35,000. Palisade Asset Management LLC bought a new stake in Fidelity National Information Services in the first quarter valued at approximately $37,000. Finally, Rothschild Investment LLC bought a new stake in Fidelity National Information Services in the second quarter valued at approximately $45,000. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on FIS shares. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Susquehanna upped their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. UBS Group upped their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research note on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $83.30.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $89.52 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $91.14. The stock’s 50 day moving average is $83.66 and its 200-day moving average is $77.89. The firm has a market capitalization of $49.80 billion, a price-to-earnings ratio of -8.75, a PEG ratio of 0.77 and a beta of 1.08.

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 for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s revenue for the quarter 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. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.