State of Alaska Department of Revenue Sells 1,995 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

State of Alaska Department of Revenue decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 61,380 shares of the information technology services provider’s stock after selling 1,995 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fidelity National Information Services were worth $4,957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new position in Fidelity National Information Services in the 3rd quarter worth $28,000. R Squared Ltd bought a new stake in Fidelity National Information Services in the fourth quarter worth $30,000. Groupama Asset Managment boosted its position in Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the period. Finally, Concord Wealth Partners increased its holdings in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was 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 directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 0.7 %

Shares of NYSE FIS opened at $83.41 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $60.39 and a 1 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 50-day moving average of $81.41 and a 200 day moving average of $82.74. The stock has a market cap of $44.90 billion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 0.62 and a beta of 1.04.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FIS shares. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $104.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

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.