VELA Investment Management LLC Sells 3,967 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

VELA Investment Management LLC trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 10.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 34,333 shares of the information technology services provider’s stock after selling 3,967 shares during the period. VELA Investment Management LLC’s holdings in Fidelity National Information Services were worth $2,875,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its holdings in Fidelity National Information Services by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 64,285 shares of the information technology services provider’s stock worth $4,768,000 after acquiring an additional 305 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Fidelity National Information Services by 18.7% during the first quarter. First Trust Direct Indexing L.P. now owns 12,910 shares of the information technology services provider’s stock worth $958,000 after buying an additional 2,033 shares during the last quarter. Mission Wealth Management LP bought a new stake in shares of Fidelity National Information Services during the first quarter worth approximately $230,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Fidelity National Information Services by 32.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 579,628 shares of the information technology services provider’s stock worth $42,997,000 after acquiring an additional 143,315 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Fidelity National Information Services by 15.5% in the first quarter. Janney Montgomery Scott LLC now owns 118,326 shares of the information technology services provider’s stock valued at $8,777,000 after buying an additional 15,865 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIS. Susquehanna upped their price target 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. Oppenheimer began coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Barclays raised their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. Finally, Royal Bank of Canada raised their price target on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Ten research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.30.

Fidelity National Information Services Stock Down 0.7 %

Fidelity National Information Services stock traded down $0.63 during trading on Friday, reaching $89.10. 4,665,945 shares of the company’s stock were exchanged, compared to its average volume of 3,736,718. Fidelity National Information Services, Inc. has a 52-week low of $49.81 and a 52-week high of $91.54. 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 firm has a market cap of $48.61 billion, a price-to-earnings ratio of 66.49, a PEG ratio of 0.80 and a beta of 1.08. The company’s 50-day moving average is $85.46 and its two-hundred day moving average is $78.80.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 107.46%.

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.