Fidelity National Information Services, Inc. (NYSE:FIS) Stake Decreased by Curi RMB Capital LLC

Curi RMB Capital LLC reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.0% during the 3rd quarter, Holdings Channel reports. The fund owned 5,124 shares of the information technology services provider’s stock after selling 326 shares during the quarter. Curi RMB Capital LLC’s holdings in Fidelity National Information Services were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in FIS. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services during the third quarter valued at $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in Fidelity National Information Services during the 2nd quarter valued at about $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services during the 2nd quarter valued at about $35,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Finally, Concord Wealth Partners boosted its holdings in shares of Fidelity National Information Services by 50.2% in 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 in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $87.82 on Friday. The firm has a market capitalization of $47.28 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 0.75 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $53.76 and a one year high of $91.98. The business has a fifty day simple moving average of $86.67 and a 200 day simple moving average of $80.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

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

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price 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 $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FIS. Robert W. Baird upped their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen raised their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Mizuho raised their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.68.

Fidelity National Information Services 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.