OLD National Bancorp IN Sells 1,744 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

OLD National Bancorp IN cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,929 shares of the information technology services provider’s stock after selling 1,744 shares during the quarter. OLD National Bancorp IN’s holdings in Fidelity National Information Services were worth $1,125,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FIS. Avanza Fonder AB acquired a new position in Fidelity National Information Services in the fourth quarter valued at about $3,227,000. CENTRAL TRUST Co boosted its holdings in shares of Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after acquiring an additional 10,452 shares in the last quarter. Brighton Jones LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $347,000. Franklin Resources Inc. increased its holdings in Fidelity National Information Services by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after purchasing an additional 112,842 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Fidelity National Information Services by 51.4% in 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 purchasing an additional 25,701 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.8 %

NYSE FIS opened at $81.44 on Friday. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. 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 firm has a market cap of $43.84 billion, a P/E ratio of 32.44, a P/E/G ratio of 0.62 and a beta of 1.04. The stock’s 50-day moving average is $81.75 and its 200-day moving average is $82.54.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 57.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FIS. Mizuho raised their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Jefferies Financial Group boosted their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and set a $104.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lifted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

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.