Salvus Wealth Management LLC Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Salvus Wealth Management LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 11.8% during the fourth quarter, HoldingsChannel reports. The firm owned 9,013 shares of the information technology services provider’s stock after selling 1,206 shares during the quarter. Salvus Wealth Management LLC’s holdings in Fidelity National Information Services were worth $728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FIS. The Manufacturers Life Insurance Company boosted its position in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after buying an additional 3,535,596 shares during the last quarter. Raymond James & Associates grew its position in shares of Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after acquiring an additional 3,357,329 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after acquiring an additional 562,154 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Fidelity National Information Services during the second quarter valued at $40,029,000. Finally, Fernbridge Capital Management LP raised its holdings in shares of Fidelity National Information Services by 67.2% during the second quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider’s stock worth $86,900,000 after purchasing an additional 463,613 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 0.8 %

FIS stock opened at $78.69 on Friday. The firm has a market cap of $42.36 billion, a PE ratio of 31.35, a PEG ratio of 0.59 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1 year low of $58.24 and a 1 year high of $91.98. The company has a fifty day simple moving average of $83.47 and a 200 day simple moving average of $82.24. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FIS shares. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Insider Buying and Selling

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the firm’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 value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

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.