Thrivent Financial for Lutherans Sells 2,269 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Thrivent Financial for Lutherans cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.8% in the 3rd quarter, Holdings Channel reports. The fund owned 78,485 shares of the information technology services provider’s stock after selling 2,269 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fidelity National Information Services were worth $6,573,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the second quarter worth approximately $30,000. Concord Wealth Partners grew its position in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services during the second quarter worth approximately $35,000. Finally, EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FIS shares. Stephens lifted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Compass Point initiated coverage on Fidelity National Information Services in a research note on Wednesday. They set a “buy” rating and a $126.00 price objective for the company. Finally, Susquehanna lifted their target price on shares of 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was 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.

Fidelity National Information Services Stock Up 0.7 %

Shares of NYSE:FIS opened at $86.08 on Friday. The firm has a market capitalization of $46.34 billion, a P/E ratio of 34.29, a P/E/G ratio of 0.73 and a beta of 1.06. 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 has a 50 day moving average price of $86.96 and a 200-day moving average price of $80.60. Fidelity National Information Services, Inc. has a 52-week low of $54.65 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

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.