Payden & Rygel Sells 32,400 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Payden & Rygel lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,700 shares of the information technology services provider’s stock after selling 32,400 shares during the period. Fidelity National Information Services accounts for 1.4% of Payden & Rygel’s holdings, making the stock its 26th biggest position. Payden & Rygel’s holdings in Fidelity National Information Services were worth $18,400,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FIS. Cadence Bank grew its position in shares of Fidelity National Information Services by 1.9% in the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares during the last quarter. Graypoint LLC boosted its position in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after acquiring an additional 132 shares during the period. Atomi Financial Group Inc. grew its stake in shares of Fidelity National Information Services by 3.4% in the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock valued at $349,000 after acquiring an additional 135 shares in the last quarter. Aptus Capital Advisors LLC increased its position in Fidelity National Information Services by 3.9% during the third 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 during the period. Finally, Concord Wealth Partners raised its stake 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 worth $37,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.5 %

FIS stock traded down $0.39 during midday trading on Wednesday, hitting $85.69. The stock had a trading volume of 536,347 shares, compared to its average volume of 3,743,369. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market cap of $46.13 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The business has a fifty day moving average price of $86.85 and a two-hundred day moving average price of $80.43. Fidelity National Information Services, Inc. has a 1-year low of $53.79 and a 1-year high of $91.98.

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 (EPS) for the quarter, beating 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 company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business earned $0.94 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Compass Point started coverage on shares of Fidelity National Information Services in a research report on Wednesday. They issued a “buy” rating and a $126.00 price target for the company. Stephens boosted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley boosted their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Bank of America raised their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

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.