OneDigital Investment Advisors LLC Trims Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

OneDigital Investment Advisors LLC trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.4% in the third quarter, HoldingsChannel reports. The firm owned 12,242 shares of the information technology services provider’s stock after selling 982 shares during the period. OneDigital Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $1,025,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Kennebec Savings Bank purchased a new position in Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the 2nd quarter valued at about $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services in the 2nd quarter valued at about $35,000. Finally, Concord Wealth Partners boosted its stake in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FIS shares. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Robert W. Baird lifted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen raised their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Ten 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

Fidelity National Information Services Stock Up 0.7 %

Shares of NYSE FIS opened at $88.42 on Tuesday. The stock has a fifty day moving average price of $86.79 and a 200 day moving average price of $80.32. 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, Inc. has a 12-month low of $53.79 and a 12-month high of $91.98. The company 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.

Fidelity National Information Services (NYSE:FIS) last announced its 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. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared 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 yield of 1.63%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Buying and Selling

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

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.