MetLife Investment Management LLC Sells 6,323 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

MetLife Investment Management LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 142,148 shares of the information technology services provider’s stock after selling 6,323 shares during the quarter. MetLife Investment Management LLC’s holdings in Fidelity National Information Services were worth $11,905,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Linden Thomas Advisory Services LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth $1,253,000. CENTRAL TRUST Co increased its holdings in Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Fidelity National Information Services by 572.2% in the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after purchasing an additional 189,484 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after purchasing an additional 11,655 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Fidelity National Information Services by 51.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after buying an additional 25,701 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Up 0.7 %

Shares of FIS opened at $85.55 on Thursday. The firm’s 50-day simple moving average is $86.97 and its 200 day simple moving average is $80.87. 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 firm has a market cap of $46.06 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $55.98 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for 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 firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.18 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. Stockholders of record on Monday, December 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Compass Point began coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target on the stock. Finally, Bank of America raised their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

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.