Baron Wealth Management LLC Has $376,000 Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Baron Wealth Management LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,485 shares of the information technology services provider’s stock after selling 321 shares during the quarter. Baron Wealth Management LLC’s holdings in Fidelity National Information Services were worth $376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIS. O Shaughnessy Asset Management LLC increased its stake in shares of Fidelity National Information Services by 203.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 29,506 shares of the information technology services provider’s stock valued at $2,189,000 after buying an additional 19,775 shares in the last quarter. UniSuper Management Pty Ltd grew its position in shares of Fidelity National Information Services by 286.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 20,961 shares of the information technology services provider’s stock worth $1,555,000 after buying an additional 15,534 shares during the period. Bessemer Group Inc. grew its position in shares of Fidelity National Information Services by 2.8% during the 1st quarter. Bessemer Group Inc. now owns 12,806 shares of the information technology services provider’s stock worth $950,000 after buying an additional 348 shares during the period. Lake Street Advisors Group LLC acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth about $461,000. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Fidelity National Information Services by 1.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 453,682 shares of the information technology services provider’s stock worth $33,670,000 after buying an additional 4,957 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at approximately $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. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 0.7 %

Shares of Fidelity National Information Services stock opened at $88.42 on Tuesday. Fidelity National Information Services, Inc. has a 12-month low of $53.79 and a 12-month high of $91.98. The stock has a market cap of $47.60 billion, a P/E ratio of 35.23, a P/E/G ratio of 0.74 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $86.79 and its 200-day moving average is $80.32.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Analyst Ratings Changes

FIS has been the subject of several analyst reports. Mizuho boosted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Oppenheimer assumed coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Bank of America boosted their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, TD Cowen boosted their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus price target of $89.68.

Fidelity National Information Services Company 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.