Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,570 shares of the information technology services provider’s stock after selling 522 shares during the quarter. United Asset Strategies Inc.’s holdings in Fidelity National Information Services were worth $1,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Fidelity National Information Services by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,423,336 shares of the information technology services provider’s stock worth $105,583,000 after purchasing an additional 6,207 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Fidelity National Information Services by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 64,285 shares of the information technology services provider’s stock worth $4,768,000 after purchasing an additional 305 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Fidelity National Information Services by 18.7% during the 1st quarter. First Trust Direct Indexing L.P. now owns 12,910 shares of the information technology services provider’s stock worth $958,000 after purchasing an additional 2,033 shares during the last quarter. Mission Wealth Management LP acquired a new stake in shares of Fidelity National Information Services during the 1st quarter worth about $230,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Fidelity National Information Services by 32.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 579,628 shares of the information technology services provider’s stock worth $42,997,000 after purchasing an additional 143,315 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 1.1 %

NYSE:FIS opened at $89.74 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $47.97 and a 12-month high of $91.54. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $49.92 billion, a P/E ratio of -8.77, a PEG ratio of 0.77 and a beta of 1.08. The stock’s 50 day simple moving average is $85.26 and its 200-day simple moving average is $78.68.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current 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 given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired 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 owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research analyst reports. Jefferies Financial Group raised their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. TD Cowen raised their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. 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. Oppenheimer began coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $83.30.

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.