Mission Wealth Management LP Sells 260 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mission Wealth Management LP lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,171 shares of the information technology services provider’s stock after selling 260 shares during the period. Mission Wealth Management LP’s holdings in Fidelity National Information Services were worth $320,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital Asset Advisory Services LLC boosted its holdings in shares of Fidelity National Information Services by 15.0% during the first quarter. Capital Asset Advisory Services LLC now owns 1,810 shares of the information technology services provider’s stock worth $231,000 after acquiring an additional 236 shares during the period. Canandaigua National Corp bought a new stake in shares of Fidelity National Information Services during the second quarter worth approximately $1,056,000. Huntington National Bank boosted its holdings in shares of Fidelity National Information Services by 60.2% during the second quarter. Huntington National Bank now owns 4,382 shares of the information technology services provider’s stock worth $588,000 after acquiring an additional 1,646 shares during the period. Clarius Group LLC boosted its stake in shares of Fidelity National Information Services by 5.5% in the second quarter. Clarius Group LLC now owns 4,003 shares of the information technology services provider’s stock valued at $537,000 after buying an additional 207 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of Fidelity National Information Services by 10.6% in the second quarter. Mount Yale Investment Advisors LLC now owns 5,525 shares of the information technology services provider’s stock valued at $741,000 after buying an additional 528 shares during the period. Institutional investors own 89.82% of the company’s stock.

FIS has been the subject of several recent research reports. Loop Capital initiated coverage on Fidelity National Information Services in a research note on Tuesday, September 22nd. They issued a “hold” rating and a $150.00 price target for the company. Citigroup boosted their price target on Fidelity National Information Services from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Stephens upgraded Fidelity National Information Services to an “overweight” rating and boosted their price target for the company from $164.00 to $174.00 in a research note on Wednesday, August 5th. Sanford C. Bernstein initiated coverage on Fidelity National Information Services in a research note on Tuesday, August 18th. They issued an “outperform” rating and a $170.00 price target for the company. Finally, Mizuho initiated coverage on Fidelity National Information Services in a research note on Wednesday, August 26th. They issued a “buy” rating and a $165.00 price target for the company. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $161.19.

In related news, insider Martin Boyd sold 21,606 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $146.23, for a total value of $3,159,445.38. Following the completion of the sale, the insider now directly owns 8,870 shares in the company, valued at $1,297,060.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Asif Ramji sold 15,020 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $144.07, for a total value of $2,163,931.40. The disclosure for this sale can be found here. Insiders sold 52,365 shares of company stock valued at $7,686,182 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Shares of NYSE:FIS opened at $143.88 on Friday. The company has a fifty day moving average of $147.38 and a 200-day moving average of $138.27. The company has a market capitalization of $89.15 billion, a PE ratio of 1,798.72, a price-to-earnings-growth ratio of 1.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.71 and a current ratio of 0.71. Fidelity National Information Services, Inc. has a 52-week low of $91.68 and a 52-week high of $158.21.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.06. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.87 billion. Fidelity National Information Services had a net margin of 0.25% and a return on equity of 6.60%. The company’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.35 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.97%. Fidelity National Information Services’s payout ratio is 24.96%.

About Fidelity National Information Services

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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