Wealth Alliance Sells 416 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Wealth Alliance reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,939 shares of the information technology services provider’s stock after selling 416 shares during the period. Wealth Alliance’s holdings in Fidelity National Information Services were worth $722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIS. Larson Financial Group LLC grew its stake 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 buying an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth about $28,000. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth about $30,000. Concord Wealth Partners boosted its stake in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth about $37,000. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price target 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. Barclays decreased 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 report on Tuesday. Royal Bank of Canada decreased 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 report on Wednesday, February 12th. Stephens decreased their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.36.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Trading Up 0.7 %

NYSE FIS opened at $69.89 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market cap of $37.02 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. The company has a 50 day moving average price of $78.98 and a 200 day moving average price of $82.56. Fidelity National Information Services, Inc. has a 52 week low of $62.17 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate 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 firm posted $0.94 earnings per share. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business 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 represents a $1.60 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 55.17%.

Fidelity National Information Services 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.