Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,308 shares of the information technology services provider’s stock after selling 491 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Fidelity National Information Services were worth $11,737,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its holdings in shares of Fidelity National Information Services by 5.4% during the fourth quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider’s stock worth $228,000 after purchasing an additional 144 shares during the period. Grove Bank & Trust raised its position in Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after buying an additional 399 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of Fidelity National Information Services by 23.4% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,291 shares of the information technology services provider’s stock worth $266,000 after acquiring an additional 625 shares during the period. Bowman & Co S.C. boosted its holdings in shares of Fidelity National Information Services by 16.0% in the fourth quarter. Bowman & Co S.C. now owns 16,356 shares of the information technology services provider’s stock valued at $1,322,000 after acquiring an additional 2,256 shares in the last quarter. Finally, HB Wealth Management LLC increased its stake in shares of Fidelity National Information Services by 7.4% during the fourth quarter. HB Wealth Management LLC now owns 61,692 shares of the information technology services provider’s stock worth $4,982,000 after acquiring an additional 4,246 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FIS shares. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Oppenheimer initiated coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Barclays upped 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 note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and an average target price of $92.00.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $78.70 on Tuesday. Fidelity National Information Services, Inc. has a 12-month low of $58.24 and a 12-month high of $91.98. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 0.59 and a beta of 1.04. The company’s 50-day moving average is $83.12 and its two-hundred day moving average is $82.34. 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 announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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.