TD Private Client Wealth LLC Sells 1,830 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

TD Private Client Wealth LLC lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,402 shares of the information technology services provider’s stock after selling 1,830 shares during the quarter. TD Private Client Wealth LLC’s holdings in Fidelity National Information Services were worth $2,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new position in Fidelity National Information Services in the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services in the second quarter worth $30,000. Concord Wealth Partners raised its holdings in Fidelity National Information Services by 50.2% in the third 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 in the last quarter. Finally, Morse Asset Management Inc bought a new position in Fidelity National Information Services in the third quarter worth $37,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.4 %

Shares of NYSE:FIS opened at $84.91 on Friday. The stock has a market capitalization of $45.71 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 0.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50-day simple moving average is $87.27 and its two-hundred day simple moving average is $81.42. Fidelity National Information Services, Inc. has a 52-week low of $57.13 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.35% and a net margin of 14.37%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.70%. Fidelity National Information Services’s payout ratio is 57.37%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were purchased 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 directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated 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 directly 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. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FIS shares. Barclays increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Oppenheimer assumed coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Morgan Stanley increased their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Susquehanna increased their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. Finally, Stephens increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

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.