Horizon Kinetics Asset Management LLC Acquires 7,500 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Horizon Kinetics Asset Management LLC grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 30.8% in the 3rd quarter, Holdings Channel reports. The fund owned 31,840 shares of the information technology services provider’s stock after purchasing an additional 7,500 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Fidelity National Information Services were worth $2,667,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. LRI Investments LLC bought a new position in Fidelity National Information Services in the first quarter valued at approximately $46,000. Price T Rowe Associates Inc. MD lifted its position in Fidelity National Information Services by 1.5% in the 1st 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 acquiring an additional 11,655 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in Fidelity National Information Services in the 1st quarter worth $437,000. Interval Partners LP bought a new position in Fidelity National Information Services during the 1st quarter worth about $4,118,000. Finally, Fairbanks Capital Management Inc. raised its stake in shares of Fidelity National Information Services by 7.5% in the 1st quarter. Fairbanks Capital Management Inc. now owns 9,816 shares of the information technology services provider’s stock valued at $728,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent research reports. Stephens lifted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Barclays boosted their price target 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 Thursday, October 10th. 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 research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $91.50.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated 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 sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $85.61 on Monday. The firm has a market capitalization of $46.09 billion, a PE ratio of 34.29, a PEG ratio of 0.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company’s 50-day moving average is $86.96 and its 200-day moving average is $80.69. Fidelity National Information Services, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts forecast 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. Shareholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

About Fidelity National Information Services

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.