Deseret Mutual Benefit Administrators Sells 169 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Deseret Mutual Benefit Administrators cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 14.5% during the third quarter, Holdings Channel.com reports. The fund owned 999 shares of the information technology services provider’s stock after selling 169 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Fidelity National Information Services were worth $84,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services in the second quarter worth $30,000. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Concord Wealth Partners raised its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $45,000. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the 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 directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $86.68 on Friday. The company has a 50-day simple moving average of $85.85 and a two-hundred day simple moving average of $79.22. The stock has a market capitalization of $47.29 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a twelve month low of $50.85 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued 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 company 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 business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS. Analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of research analyst reports. Mizuho raised their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Cowen raised their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday. Stephens raised their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Jefferies Financial Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price target 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. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average target price of $88.75.

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.