CarsonAllaria Wealth Management Ltd. Cuts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

CarsonAllaria Wealth Management Ltd. reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,037 shares of the information technology services provider’s stock after selling 417 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Fidelity National Information Services were worth $165,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC boosted its position in Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 129 shares in the last quarter. Graypoint LLC lifted its position in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 132 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock valued at $349,000 after acquiring an additional 135 shares during the period. Old Port Advisors increased its holdings in Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after acquiring an additional 135 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its position in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after acquiring an additional 137 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a 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 that occurred 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 sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $81.59 on Wednesday. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year 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. The firm’s 50 day moving average price is $81.60 and its 200-day moving average price is $82.70. The firm has a market cap of $43.92 billion, a P/E ratio of 32.50, a P/E/G ratio of 0.62 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company 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 $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 57.37%.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price for the company. Jefferies Financial Group increased their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. TD Cowen lifted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Susquehanna increased their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. Finally, Compass Point initiated coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Fidelity National Information Services Company 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.