Private Advisor Group LLC Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Private Advisor Group LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,690 shares of the information technology services provider’s stock after selling 777 shares during the quarter. Private Advisor Group LLC’s holdings in Fidelity National Information Services were worth $1,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIS. Allspring Global Investments Holdings LLC lifted its stake in shares of Fidelity National Information Services by 6.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider’s stock valued at $2,362,000 after acquiring an additional 1,620 shares during the last quarter. International Assets Investment Management LLC raised its position in Fidelity National Information Services by 6,330.3% during the 3rd quarter. International Assets Investment Management LLC now owns 20,770 shares of the information technology services provider’s stock valued at $17,390,000 after purchasing an additional 20,447 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Fidelity National Information Services by 2.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock valued at $1,683,000 after purchasing an additional 412 shares during the last quarter. Allworth Financial LP raised its position in Fidelity National Information Services by 10.4% during the 3rd quarter. Allworth Financial LP now owns 2,229 shares of the information technology services provider’s stock valued at $187,000 after purchasing an additional 210 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Fidelity National Information Services by 13.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 100,446 shares of the information technology services provider’s stock valued at $8,412,000 after purchasing an additional 11,932 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Trading Down 0.6 %

FIS opened at $68.89 on Thursday. The stock has a market cap of $36.49 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.23 and a beta of 1.04. The stock’s 50 day moving average price is $77.91 and its 200-day moving average price is $82.42. Fidelity National Information Services, Inc. has a one year low of $66.20 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

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 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 business earned $0.94 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FIS shares. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. UBS Group cut their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Compass Point lowered their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased 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, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and a consensus price target of $87.36.

About Fidelity National Information Services

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.