Janney Montgomery Scott LLC Has $8.34 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Janney Montgomery Scott LLC trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,544 shares of the information technology services provider’s stock after selling 12,922 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fidelity National Information Services were worth $8,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Cadence Bank lifted its holdings in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after acquiring an additional 132 shares during the period. Atomi Financial Group Inc. lifted its stake in Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after purchasing an additional 135 shares during the period. Concord Wealth Partners boosted its holdings in Fidelity National Information Services by 50.2% during the third 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. SageView Advisory Group LLC grew its stake in shares of Fidelity National Information Services by 1.3% in the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after purchasing an additional 148 shares during the period. Finally, Moody National Bank Trust Division raised its holdings in shares of Fidelity National Information Services by 2.4% in the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock worth $536,000 after buying an additional 169 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction on 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 directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $86.68 on Friday. The stock has a market cap of $47.29 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1 year low of $50.85 and a 1 year high of $91.98. The stock’s 50-day moving average price is $85.85 and its two-hundred day moving average price is $79.22. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 earnings per share. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.66%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is presently 57.37%.

Wall Street Analyst Weigh In

FIS has been the topic of several recent analyst reports. UBS Group boosted their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America boosted their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Royal Bank of Canada increased their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday. Mizuho upped their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Stephens lifted 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 Friday, October 18th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.75.

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.