Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by First Business Financial Services Inc.

First Business Financial Services Inc. lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 19.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,276 shares of the information technology services provider’s stock after selling 1,008 shares during the quarter. First Business Financial Services Inc.’s holdings in Fidelity National Information Services were worth $358,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC purchased a new position in Fidelity National Information Services in the 2nd quarter worth approximately $1,253,000. CENTRAL TRUST Co raised its stake in shares of Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after purchasing an additional 10,452 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after acquiring an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Fidelity National Information Services by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after purchasing an additional 11,655 shares during the period. Finally, Mizuho Markets Americas LLC boosted its stake in shares of Fidelity National Information Services by 115.9% during the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after acquiring an additional 2,011,848 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FIS. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley upped their price target 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. Mizuho raised their price objective 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. Jefferies Financial Group boosted their price objective 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. Finally, Stephens boosted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.68.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 0.5 %

Shares of NYSE:FIS opened at $88.46 on Friday. 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 firm has a market cap of $47.62 billion, a P/E ratio of 35.24, a P/E/G ratio of 0.75 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $53.76 and a 12 month high of $91.98. The company’s 50-day moving average price is $86.42 and its two-hundred day moving average price is $79.82.

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

Fidelity National Information Services Announces Dividend

The firm 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 1.63%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is 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.