Fidelity National Information Services, Inc. $FIS Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 88.7% in the third quarter, Holdings Channel.com reports. The firm owned 7,666 shares of the information technology services provider’s stock after selling 60,222 shares during the quarter. Machina Capital S.A.S.’s holdings in Fidelity National Information Services were worth $252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIS. BlackRock Inc. purchased a new position in Fidelity National Information Services during the second quarter worth approximately $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $219,162,000. Bank of America Corp DE purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $189,387,000. Legal & General Group Plc purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $129,815,000. Finally, Deutsche Bank AG acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth $111,205,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FIS. Bank of America lowered Fidelity National Information Services from a “buy” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $33.00 in a research report on Thursday, November 5th. Stephens started coverage on Fidelity National Information Services in a research report on Tuesday, August 11th. They set an “equal weight” rating and a $50.00 price target for the company. Royal Bank Of Canada lowered Fidelity National Information Services from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $53.00 to $37.00 in a research note on Thursday, November 5th. Citigroup cut their price objective on Fidelity National Information Services from $39.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, November 5th. Finally, Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $50.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, November 5th. Six equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.12.

Insider Activity

In related news, Director Kourtney Gibson bought 1,800 shares of the stock in a transaction dated Friday, November 6th. The stock was acquired at an average price of $29.00 per share, for a total transaction of $52,200.00. Following the completion of the purchase, the director owned 5,903 shares in the company, valued at $171,187. This represents a 43.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Goldstein bought 1,585 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were bought at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the acquisition, the director owned 18,697 shares in the company, valued at approximately $680,570.80. This trade represents a 9.26% increase in their position. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 4.2%

Shares of Fidelity National Information Services stock traded up $1.20 during trading hours on Friday, hitting $29.56. The company’s stock had a trading volume of 7,684,170 shares, compared to its average volume of 9,554,000. Fidelity National Information Services, Inc. has a 1-year low of $27.93 and a 1-year high of $68.37. The business has a fifty day moving average of $34.98 and a 200 day moving average of $42.37. The company has a market capitalization of $15.24 billion, a PE ratio of 4.41, a P/E/G ratio of 0.40 and a beta of 0.84. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.93.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.01. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the business posted $1.51 EPS. The business’s quarterly revenue was up 27.1% on a year-over-year basis. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.85 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 6.0%. Fidelity National Information Services’s dividend payout ratio is presently 26.27%.

About Fidelity National Information Services

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.