Thrivent Financial for Lutherans Sells 41,873 Shares of Fidelity National Information Services, Inc. $FIS

Thrivent Financial for Lutherans reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 40.7% during the third quarter, Holdings Channel reports. The institutional investor owned 61,110 shares of the information technology services provider’s stock after selling 41,873 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fidelity National Information Services were worth $4,029,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FIS. NewSquare Capital LLC grew its holdings in Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares during the last quarter. LRI Investments LLC grew its stake in Fidelity National Information Services by 613.1% during the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after buying an additional 374 shares during the last quarter. Root Financial Partners LLC acquired a new position in Fidelity National Information Services during the 3rd quarter valued at about $29,000. Valued Wealth Advisors LLC purchased a new stake in Fidelity National Information Services in the second quarter valued at about $42,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Fidelity National Information Services in the third quarter worth about $37,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 2.1%

Shares of FIS opened at $51.90 on Friday. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 192.22, a PEG ratio of 0.77 and a beta of 0.90. Fidelity National Information Services, Inc. has a 52 week low of $50.48 and a 52 week high of $83.97. The stock’s 50-day moving average price is $63.38 and its 200-day moving average price is $66.58. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business earned $1.40 earnings per share. Fidelity National Information Services’s quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a $0.44 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 3.4%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares in the company, valued at $931,454.19. This represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FIS. JPMorgan Chase & Co. lowered their target price on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $70.00 price target on shares of Fidelity National Information Services in a research note on Thursday, January 15th. Finally, Stephens reduced their price objective on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.53.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.