Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,321 shares of the information technology services provider’s stock after selling 606 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Fidelity National Information Services were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Cadence Bank boosted its holdings in shares of Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Fidelity National Information Services by 6.8% in the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after purchasing an additional 143 shares during the last quarter. SageView Advisory Group LLC boosted its holdings 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 last quarter. Moody National Bank Trust Division boosted 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 valued at $536,000 after purchasing an additional 169 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Fidelity National Information Services by 1.8% in the 2nd quarter. Coldstream Capital Management Inc. now owns 10,194 shares of the information technology services provider’s stock valued at $768,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIS. Susquehanna lifted their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Bank of America lifted 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 report on Tuesday, September 17th. Royal Bank of Canada lifted their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eleven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $0.92 during trading on Friday, reaching $84.63. 2,108,605 shares of the company’s stock traded hands, compared to its average volume of 3,847,924. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $85.63. The company has a 50 day moving average of $80.76 and a 200-day moving average of $76.49. The stock has a market capitalization of $47.08 billion, a P/E ratio of -8.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

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.