Seelaus Asset Management LLC Sells 500 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Seelaus Asset Management LLC cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,655 shares of the information technology services provider’s stock after selling 500 shares during the quarter. Fidelity National Information Services accounts for 0.8% of Seelaus Asset Management LLC’s holdings, making the stock its 27th biggest position. Seelaus Asset Management LLC’s holdings in Fidelity National Information Services were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of FIS. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services during the second quarter worth about $30,000. Concord Wealth Partners grew its stake in Fidelity National Information Services by 50.2% in 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 period. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services in the second quarter worth about $35,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter worth about $35,000. Institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIS shares. UBS Group boosted their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Morgan Stanley increased their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Finally, TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $89.68.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $87.82 on Friday. The stock has a market capitalization of $47.28 billion, a PE ratio of 34.99, a P/E/G ratio of 0.75 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $53.76 and a 1-year high of $91.98. The firm has a fifty day simple moving average of $86.67 and a 200 day simple moving average of $80.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business earned $0.94 EPS. Fidelity National Information Services’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is presently 57.37%.

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.