Townsquare Capital LLC Has $3.02 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Townsquare Capital LLC raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 36,064 shares of the information technology services provider’s stock after buying an additional 241 shares during the period. Townsquare Capital LLC’s holdings in Fidelity National Information Services were worth $3,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of FIS. Larson Financial Group LLC grew its stake in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the second quarter worth approximately $30,000. Concord Wealth Partners lifted its holdings in 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 worth $37,000 after purchasing an additional 146 shares during the last quarter. Finally, Family Firm Inc. bought a new stake in Fidelity National Information Services in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $85.33 on Friday. The company’s 50 day moving average price is $87.02 and its two-hundred day moving average price is $80.97. The firm has a market capitalization of $45.94 billion, a P/E ratio of 34.00, a P/E/G ratio of 0.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a fifty-two week low of $57.13 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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. 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 quarter last year, the business posted $0.94 EPS. Fidelity National Information Services’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts forecast 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 issued a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research reports. Jefferies Financial Group lifted their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. TD Cowen boosted their price target 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. Finally, BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 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, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’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 completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate 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.