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

HighTower Advisors LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,804 shares of the information technology services provider’s stock after selling 9,805 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity National Information Services were worth $9,515,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FIS. GSA Capital Partners LLP acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $590,000. Victory Capital Management Inc. raised its holdings in shares of Fidelity National Information Services by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider’s stock valued at $17,060,000 after purchasing an additional 11,933 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $342,000. Claro Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $208,000. Finally, Clarkston Capital Partners LLC raised its holdings in shares of Fidelity National Information Services by 5.0% in the 3rd quarter. Clarkston Capital Partners LLC now owns 63,000 shares of the information technology services provider’s stock valued at $5,276,000 after purchasing an additional 3,000 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 2.0 %

Shares of NYSE:FIS opened at $72.33 on Tuesday. The company has a market cap of $38.31 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.23 and a beta of 1.10. The firm’s 50-day simple moving average is $75.15 and its 200-day simple moving average is $81.63. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 in the prior year, the business earned $0.94 EPS. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Insider Activity at Fidelity National Information Services

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reduced their price objective 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. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. UBS Group dropped their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.65.

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.