Phoenix Wealth Advisors Reduces Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Phoenix Wealth Advisors trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 30,726 shares of the information technology services provider’s stock after selling 1,060 shares during the period. Phoenix Wealth Advisors’ holdings in Fidelity National Information Services were worth $2,482,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avanza Fonder AB purchased a new position in Fidelity National Information Services in the fourth quarter worth about $3,227,000. CENTRAL TRUST Co boosted its position in Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of 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 buying an additional 112,842 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Fidelity National Information Services by 51.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock valued at $6,344,000 after buying an additional 25,701 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Fidelity National Information Services during the 3rd quarter valued at about $590,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Susquehanna lifted their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. Compass Point assumed coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price objective on the stock. Stephens lifted their price objective 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. Morgan Stanley lifted their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their price objective on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly 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 disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $79.00 on Wednesday. Fidelity National Information Services, Inc. has a twelve month low of $59.90 and a twelve month high of $91.98. The stock has a market capitalization of $42.53 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 0.60 and a beta of 1.04. The stock has a fifty day simple moving average of $82.75 and a two-hundred day simple moving average of $82.39. 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 issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Fidelity National Information Services Company 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.