Hardy Reed LLC Buys 265 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Hardy Reed LLC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,557 shares of the information technology services provider’s stock after buying an additional 265 shares during the period. Hardy Reed LLC’s holdings in Fidelity National Information Services were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Fidelity National Information Services by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after acquiring an additional 249,678 shares in the last quarter. Legal & General Group Plc lifted its position in Fidelity National Information Services by 1.6% during the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares during the last quarter. Boston Partners grew its stake in Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after buying an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after buying an additional 538,514 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after buying an additional 3,357,329 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 6.41 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $84.91 on Wednesday. Fidelity National Information Services, Inc. has a 12-month low of $55.24 and a 12-month high of $91.98. The company has a market cap of $45.71 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 0.71 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $86.95 and a two-hundred day simple moving average of $80.84.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the company posted $0.94 EPS. Fidelity National Information Services’s revenue was up 3.1% on a year-over-year basis. Research analysts predict 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Wall Street Analyst Weigh In

FIS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods upped 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 research note on Tuesday, November 5th. Mizuho lifted their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Susquehanna raised their price objective on 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. Finally, Oppenheimer began coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

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.