CarsonAllaria Wealth Management Ltd. Sells 213 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

CarsonAllaria Wealth Management Ltd. cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,454 shares of the information technology services provider’s stock after selling 213 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Fidelity National Information Services were worth $206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the period. Boston Partners boosted its stake in Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after acquiring an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after buying an additional 3,535,596 shares during the last quarter. Raymond James & Associates raised its holdings in Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares during the last quarter. Finally, Mizuho Markets Americas LLC raised its holdings in Fidelity National Information Services by 115.9% in 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 during the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction dated 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 completion of the purchase, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIS. Susquehanna boosted their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. TD Cowen boosted their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $83.30.

Fidelity National Information Services Price Performance

FIS stock traded down $0.46 during trading on Monday, hitting $90.49. 772,201 shares of the company’s stock traded hands, compared to its average volume of 3,768,971. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $91.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The business has a fifty day simple moving average of $83.14 and a 200 day simple moving average of $77.64. The stock has a market capitalization of $50.34 billion, a price-to-earnings ratio of -8.89, a P/E/G ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business earned $1.55 earnings per share. Fidelity National Information Services’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

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.