Thrivent Financial for Lutherans Sells 2,269 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Thrivent Financial for Lutherans lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,485 shares of the information technology services provider’s stock after selling 2,269 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity National Information Services were worth $6,573,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FIS. Graypoint LLC lifted its position in shares of Fidelity National Information Services by 4.6% in the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 132 shares during the period. Atomi Financial Group Inc. raised 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 buying an additional 135 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in Fidelity National Information Services by 3.9% in the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after buying an additional 137 shares during the period. Concord Wealth Partners boosted its position 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 acquiring an additional 146 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position 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 acquiring an additional 169 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired 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 owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $86.08 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $54.65 and a 52 week high of $91.98. 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’s 50-day simple moving average is $86.96 and its two-hundred day simple moving average is $80.60. The firm has a market cap of $46.34 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 0.73 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Analysts Set New Price Targets

Several brokerages recently commented on FIS. Jefferies Financial Group upped their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Susquehanna increased their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

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.