Marks Group Wealth Management Inc Lowers Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Marks Group Wealth Management Inc decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,467 shares of the information technology services provider’s stock after selling 182 shares during the period. Marks Group Wealth Management Inc’s holdings in Fidelity National Information Services were worth $1,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CX Institutional increased its holdings in shares of Fidelity National Information Services by 4.0% in the third quarter. CX Institutional now owns 4,422 shares of the information technology services provider’s stock worth $370,000 after purchasing an additional 170 shares during the last quarter. Creative Planning grew its holdings in Fidelity National Information Services by 6.9% during the 3rd quarter. Creative Planning now owns 69,023 shares of the information technology services provider’s stock valued at $5,781,000 after buying an additional 4,452 shares in the last quarter. Swedbank AB increased its stake in Fidelity National Information Services by 1.3% in the 3rd quarter. Swedbank AB now owns 360,769 shares of the information technology services provider’s stock worth $30,214,000 after acquiring an additional 4,642 shares during the last quarter. SPC Financial Inc. purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $327,000. Finally, ZWJ Investment Counsel Inc. boosted its position in shares of Fidelity National Information Services by 0.9% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 145,799 shares of the information technology services provider’s stock valued at $12,211,000 after acquiring an additional 1,309 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FIS shares. Morgan Stanley reduced their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday. UBS Group lowered their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $115.00 to $101.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and a consensus target price of $87.95.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 0.8 %

Shares of NYSE FIS opened at $72.59 on Thursday. The stock has a 50 day moving average price of $81.08 and a 200 day moving average price of $82.94. The firm has a market capitalization of $39.08 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 0.63 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52-week low of $60.39 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period in the previous year, the business posted $0.94 earnings per share. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

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.