Today The Fidelity National Information Services, Inc. (FIS) Stake Lowered by Wall Street Associates

Today The Fidelity National Information Services, Inc. (FIS) Stake Lowered by Wall Street Associates

Wall Street Associates reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,300 shares of the company’s stock after selling 9 shares during the period. Wall Street Associates’ holdings in Fidelity National Information Services were worth $325,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Financial Architects Inc raised its stake in shares of Fidelity National Information Services by 30.2% in the third quarter. Financial Architects Inc now owns 1,359 shares of the company’s stock worth $104,000 after buying an additional 315 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of Fidelity National Information Services by 8.8% in the third quarter. Daiwa SB Investments Ltd. now owns 1,600 shares of the company’s stock worth $123,000 after buying an additional 130 shares in the last quarter. Point72 Asia Hong Kong Ltd raised its stake in shares of Fidelity National Information Services by 800.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,800 shares of the company’s stock worth $133,000 after buying an additional 1,600 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Fidelity National Information Services during the third quarter worth $152,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Fidelity National Information Services by 5.7% in the second quarter. Quadrant Capital Group LLC now owns 2,165 shares of the company’s stock worth $155,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded down 0.0555% during mid-day trading on Wednesday, hitting $79.9856. The company had a trading volume of 582,466 shares. The company has a 50-day moving average price of $77.17 and a 200-day moving average price of $77.43. Fidelity National Information Services, Inc. has a 1-year low of $55.11 and a 1-year high of $81.67. The company has a market capitalization of $26.25 billion, a price-to-earnings ratio of 55.3917 and a beta of 0.86.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, November 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Fidelity National Information Services had a return on equity of 12.15% and a net margin of 5.38%. The business’s revenue for the quarter was up 46.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post $3.83 EPS for the current year.

A number of research analysts have recently commented on FIS shares. Zacks Investment Research cut Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Tuesday, January 17th. Cantor Fitzgerald started coverage on Fidelity National Information Services in a research note on Friday, October 7th. They issued a “buy” rating and a $89.00 target price for the company. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $85.00 target price on shares of Fidelity National Information Services in a research note on Sunday, January 15th. Pacific Crest started coverage on Fidelity National Information Services in a research note on Friday, November 18th. They issued an “overweight” rating and a $86.00 target price for the company. Finally, BMO Capital Markets started coverage on Fidelity National Information Services in a research note on Thursday, January 5th. They issued an “outperform” rating and a $92.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Fidelity National Information Services currently has an average rating of “Buy” and a consensus price target of $87.16.

In other Fidelity National Information Services news, EVP Gregory G. Montana sold 15,904 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $73.77, for a total transaction of $1,173,238.08. Following the sale, the executive vice president now owns 34,335 shares of the company’s stock, valued at approximately $2,532,892.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory G. Montana sold 1,488 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $74.90, for a total value of $111,451.20. Following the sale, the executive vice president now directly owns 17,355 shares in the company, valued at approximately $1,299,889.50. The disclosure for this sale can be found here. Insiders have sold a total of 53,879 shares of company stock worth $4,099,543 in the last ninety days. Insiders own 2.29% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

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