Fidelity National Information Services, Inc. (NYSE:FIS) Stake Lessened by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 9.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,173 shares of the information technology services provider’s stock after selling 1,076 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Fidelity National Information Services were worth $852,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new stake in Fidelity National Information Services during the third quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth $30,000. Concord Wealth Partners grew its holdings in shares of 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 acquiring an additional 146 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services during the second quarter valued at $35,000. Finally, EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $35,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 1.4 %

Shares of FIS stock opened at $88.88 on Thursday. The company has a market capitalization of $47.85 billion, a P/E ratio of 35.41, a P/E/G ratio of 0.74 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $53.39 and a 12-month high of $91.98. The firm has a 50-day moving average price of $86.29 and a 200 day moving average price of $79.76.

Fidelity National Information Services (NYSE:FIS) last released its quarterly 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 business had revenue of $2.57 billion for 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%. Fidelity National Information Services’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. Research 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 announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America raised their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Barclays lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Susquehanna increased their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada increased their price objective on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $89.68.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company 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.