FSB Premier Wealth Management Inc. Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

FSB Premier Wealth Management Inc. reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,683 shares of the information technology services provider’s stock after selling 165 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Fidelity National Information Services were worth $217,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $30,000. Groupama Asset Managment lifted its holdings in Fidelity National Information Services by 0.8% during the 3rd 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 in the last quarter. Morse Asset Management Inc purchased a new stake in Fidelity National Information Services in the 3rd quarter valued at about $37,000. OFI Invest Asset Management bought a new position in Fidelity National Information Services in the 4th quarter worth about $40,000. Finally, Grove Bank & Trust increased its position in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 399 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FIS. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada dropped their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, 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 for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.65.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 1.6 %

NYSE FIS opened at $74.79 on Tuesday. The stock has a market cap of $39.62 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a fifty day simple moving average of $74.26 and a two-hundred day simple moving average of $81.03.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the previous year, the company posted $0.94 earnings per share. On average, analysts forecast 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 was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Tuesday, March 11th. 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 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.