Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Viawealth LLC

Viawealth LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,373 shares of the information technology services provider’s stock after selling 247 shares during the quarter. Viawealth LLC’s holdings in Fidelity National Information Services were worth $272,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Fidelity National Information Services by 6.2% in 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 buying an additional 11,933 shares during the last quarter. Claro Advisors LLC purchased a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $208,000. Pathstone Holdings LLC lifted its position in Fidelity National Information Services by 3.0% during the 3rd quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider’s stock worth $3,096,000 after acquiring an additional 1,093 shares during the period. Caprock Group LLC grew its stake in shares of Fidelity National Information Services by 115.1% in the 3rd quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider’s stock valued at $2,225,000 after purchasing an additional 14,218 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of Fidelity National Information Services by 12.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 5,809 shares of the information technology services provider’s stock valued at $487,000 after purchasing an additional 655 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Compass Point lowered their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Stephens cut their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $88.65.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $74.38 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $39.40 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. The company has a 50-day simple moving average of $74.93 and a 200-day simple moving average of $81.52. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results 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 period in the previous year, the company posted $0.94 earnings per share. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share 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. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

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.