Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,969 shares of the information technology services provider’s stock after purchasing an additional 1,093 shares during the period. Pathstone Holdings LLC’s holdings in Fidelity National Information Services were worth $3,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services in the 3rd quarter valued at $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at approximately $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the second quarter valued at approximately $35,000. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth $35,000. Finally, Concord Wealth Partners raised its holdings in Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $86.08 on Monday. 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 firm’s 50 day moving average is $86.96 and its 200-day moving average is $80.69. Fidelity National Information Services, Inc. has a 12-month low of $54.65 and a 12-month high of $91.98. The stock has a market capitalization of $46.34 billion, a P/E ratio of 34.29, a P/E/G ratio of 0.72 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share 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 firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the business posted $0.94 EPS. Fidelity National Information Services’s revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate 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 paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FIS shares. JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Morgan Stanley raised their price target on 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. Bank of America increased their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Susquehanna lifted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. Finally, Mizuho increased their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Insider Activity at Fidelity National Information Services

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 price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

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.