Fidelity National Information Services, Inc. (NYSE:FIS) Holdings Reduced by Verity & Verity LLC

Verity & Verity LLC cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 49.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,671 shares of the information technology services provider’s stock after selling 42,921 shares during the period. Verity & Verity LLC’s holdings in Fidelity National Information Services were worth $3,657,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FIS. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. Finally, Concord Wealth Partners boosted its holdings in shares of 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 in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research reports. Jefferies Financial Group raised their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. UBS Group upped their price target on shares of 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. Bank of America increased their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods increased 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. Finally, Morgan Stanley increased their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $89.68.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $88.42 on Tuesday. 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 debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company has a fifty day moving average price of $86.79 and a two-hundred day moving average price of $80.32. Fidelity National Information Services, Inc. has a one year low of $53.79 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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 given a $0.36 dividend. 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 payout ratio is presently 57.37%.

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.