ING Groep NV Cuts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

ING Groep NV lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 60.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,497 shares of the information technology services provider’s stock after selling 41,303 shares during the period. ING Groep NV’s holdings in Fidelity National Information Services were worth $2,303,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. KBC Group NV grew its stake in Fidelity National Information Services by 0.7% during the 3rd quarter. KBC Group NV now owns 79,186 shares of the information technology services provider’s stock worth $6,631,000 after purchasing an additional 523 shares in the last quarter. Huntington National Bank increased its stake in shares of Fidelity National Information Services by 8.4% during the third quarter. Huntington National Bank now owns 3,059 shares of the information technology services provider’s stock worth $256,000 after buying an additional 236 shares during the period. Chase Investment Counsel Corp raised its holdings in Fidelity National Information Services by 52.8% in the third quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider’s stock valued at $5,509,000 after acquiring an additional 22,742 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Fidelity National Information Services by 6.2% in the third quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider’s stock worth $17,060,000 after acquiring an additional 11,933 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FIS. Morgan Stanley lifted their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Jefferies Financial Group lifted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Susquehanna boosted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. Finally, Barclays increased 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 research note on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

Fidelity National Information Services Stock Down 0.7 %

FIS stock opened at $87.82 on Friday. Fidelity National Information Services, Inc. has a one year low of $53.76 and a one year 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 company has a fifty day moving average of $86.67 and a 200-day moving average of $80.01. The stock has a market capitalization of $47.28 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06.

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 for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

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

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

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.