Private Advisor Group LLC Has $1.88 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Private Advisor Group LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,467 shares of the information technology services provider’s stock after selling 1,740 shares during the quarter. Private Advisor Group LLC’s holdings in Fidelity National Information Services were worth $1,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Linden Thomas Advisory Services LLC bought a new position in Fidelity National Information Services during the second quarter worth about $1,253,000. SG Americas Securities LLC grew its holdings in Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after purchasing an additional 189,484 shares during the period. Price T Rowe Associates Inc. MD grew its holdings 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 purchasing an additional 11,655 shares during the period. Mizuho Markets Americas LLC grew its holdings in Fidelity National Information Services by 115.9% during the first 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Fidelity National Information Services by 17.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock worth $52,626,000 after purchasing an additional 106,725 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 0.9 %

Shares of FIS opened at $90.01 on Wednesday. Fidelity National Information Services, Inc. has a one year low of $47.31 and a one year high of $91.28. The company has a market cap of $50.07 billion, a P/E ratio of -8.80, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50 day simple moving average of $84.81 and a two-hundred day simple moving average of $78.51.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research analyst reports. Susquehanna lifted their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Barclays boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. TD Cowen boosted their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada boosted their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.30.

Fidelity National Information Services 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.