44 Wealth Management LLC Sells 928 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

44 Wealth Management LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,008 shares of the information technology services provider’s stock after selling 928 shares during the quarter. 44 Wealth Management LLC’s holdings in Fidelity National Information Services were worth $1,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Redmond Asset Management LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth about $265,000. Bradley Foster & Sargent Inc. CT raised its stake in shares of Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 128 shares in the last quarter. Invera Wealth Advisors LLC raised its stake in shares of Fidelity National Information Services by 4.2% during the 4th quarter. Invera Wealth Advisors LLC now owns 11,049 shares of the information technology services provider’s stock worth $876,000 after purchasing an additional 444 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Fidelity National Information Services by 9.0% during the 4th quarter. Handelsbanken Fonder AB now owns 209,976 shares of the information technology services provider’s stock worth $16,960,000 after purchasing an additional 17,367 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Fidelity National Information Services by 32.3% during the 4th quarter. Ieq Capital LLC now owns 36,314 shares of the information technology services provider’s stock worth $2,933,000 after purchasing an additional 8,869 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FIS shares. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Barclays dropped their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday. Morgan Stanley dropped their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Compass Point dropped their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Hold” and an average price target of $87.36.

Fidelity National Information Services Stock Up 0.1 %

Shares of NYSE FIS opened at $69.95 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $62.63 and a 52 week high of $91.98. The stock’s fifty day moving average is $78.69 and its 200 day moving average is $82.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $37.05 billion, a P/E ratio of 26.80, a PEG ratio of 1.23 and a beta of 1.04.

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, beating 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 last year, the company posted $0.94 EPS. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 55.17%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

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.