Xponance Inc. Trims Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Xponance Inc. cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 114,108 shares of the information technology services provider’s stock after selling 1,194 shares during the quarter. Xponance Inc.’s holdings in Fidelity National Information Services were worth $9,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Fidelity National Information Services during the third quarter valued at $590,000. Victory Capital Management Inc. grew its stake in Fidelity National Information Services by 6.2% during the third quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider’s stock valued at $17,060,000 after acquiring an additional 11,933 shares in the last quarter. Claro Advisors LLC purchased a new position in Fidelity National Information Services during the third quarter valued at $208,000. Pathstone Holdings LLC grew its stake in Fidelity National Information Services by 3.0% during the third quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider’s stock valued at $3,096,000 after acquiring an additional 1,093 shares in the last quarter. Finally, Caprock Group LLC grew its stake in Fidelity National Information Services by 115.1% during the third quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider’s stock valued at $2,225,000 after acquiring an additional 14,218 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 1.4 %

Shares of FIS opened at $73.24 on Wednesday. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a 50-day moving average of $75.03 and a 200 day moving average of $81.57. The firm has a market capitalization of $38.79 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the business posted $0.94 earnings per share. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm 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. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

Analyst Ratings Changes

Several research firms recently weighed in on FIS. Compass Point cut their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, Barclays dropped their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus price target of $88.65.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

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.