Fidelity National Information Services, Inc. (NYSE:FIS) Position Trimmed by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 56.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,680 shares of the information technology services provider’s stock after selling 4,767 shares during the quarter. Stephens Inc. AR’s holdings in Fidelity National Information Services were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at $2,593,000. Avanza Fonder AB bought a new position in Fidelity National Information Services during the fourth quarter valued at about $3,227,000. Princeton Global Asset Management LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $2,313,000. CENTRAL TRUST Co lifted its position in shares of Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after buying an additional 10,452 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $347,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 2.4 %

NYSE FIS opened at $68.84 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $80.20 and a two-hundred day simple moving average of $82.73. The stock has a market cap of $37.06 billion, a P/E ratio of 27.43, a P/E/G ratio of 0.63 and a beta of 1.04. Fidelity National Information Services, Inc. has a 12-month low of $62.17 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the prior year, the business posted $0.94 earnings per share. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share 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. Investors of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. 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 is presently 57.37%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business’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 acquisition, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of analyst reports. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their target price for the company from $103.00 to $81.00 in a report on Wednesday. Wells Fargo & Company lowered their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Finally, Stephens lowered their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.95.

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.