Compass Wealth Management LLC Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Compass Wealth Management LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,317 shares of the information technology services provider’s stock after selling 250 shares during the period. Fidelity National Information Services comprises about 1.3% of Compass Wealth Management LLC’s portfolio, making the stock its 24th biggest position. Compass Wealth Management LLC’s holdings in Fidelity National Information Services were worth $5,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC purchased a new stake in Fidelity National Information Services during the second quarter worth about $1,253,000. SG Americas Securities LLC grew its position in shares of Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after buying an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Fidelity National Information Services by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after buying an additional 11,655 shares in the last quarter. Mizuho Markets Americas LLC grew its position in shares of Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after buying an additional 2,011,848 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Fidelity National Information Services by 17.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock worth $52,626,000 after buying an additional 106,725 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

FIS traded down $0.05 during trading on Thursday, reaching $89.74. The company’s stock had a trading volume of 960,808 shares, compared to its average volume of 3,785,560. The company has a market capitalization of $49.92 billion, a price-to-earnings ratio of -8.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company’s fifty day moving average price is $82.60 and its 200-day moving average price is $77.36. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $90.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Jefferies Financial Group upped their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a report on Monday, July 22nd. Finally, UBS Group upped their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.05.

Fidelity National Information Services Company 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.