Blackhawk Capital Partners LLC. Sells 187 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Blackhawk Capital Partners LLC. decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,493 shares of the information technology services provider’s stock after selling 187 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Fidelity National Information Services were worth $544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services during the second quarter valued at about $30,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the second quarter worth about $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services in the second quarter valued at about $35,000. Finally, Concord Wealth Partners grew its position 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 valued at $37,000 after acquiring an additional 146 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of 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 disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TD Cowen upped their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Susquehanna lifted their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. Oppenheimer initiated coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Mizuho boosted their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Fidelity National Information Services Price Performance

Shares of FIS opened at $85.90 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $46.24 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The firm’s 50-day simple moving average is $86.89 and its two-hundred day simple moving average is $80.46. Fidelity National Information Services, Inc. has a fifty-two week low of $53.79 and a fifty-two week high of $91.98.

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, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion during 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 company earned $0.94 earnings per share. Analysts anticipate 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 firm 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 $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.68%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

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.