AlphaMark Advisors LLC Has $123,000 Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

AlphaMark Advisors LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 16.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,470 shares of the information technology services provider’s stock after selling 280 shares during the quarter. AlphaMark Advisors LLC’s holdings in Fidelity National Information Services were worth $123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIS. Vanguard Group Inc. increased its stake in shares of 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 valued at $5,093,093,000 after acquiring an additional 11,023,109 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Fidelity National Information Services by 5.0% in the second 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 purchasing an additional 249,678 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of 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 period. Boston Partners boosted its position in shares of Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after buying an additional 3,535,596 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 1.2 %

Shares of FIS stock opened at $90.96 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $50.60 billion, a P/E ratio of -8.89, a PEG ratio of 0.77 and a beta of 1.08. The company has a 50 day moving average of $83.14 and a 200-day moving average of $77.58. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $91.14.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.58%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FIS. Royal Bank of Canada upped their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Bank of America increased their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Stephens upped their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna upped their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Finally, Oppenheimer initiated coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average target price of $83.30.

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.