Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.2% in the 4th quarter, HoldingsChannel reports. The firm owned 70,304 shares of the information technology services provider’s stock after selling 3,837 shares during the quarter. Yousif Capital Management LLC’s holdings in Fidelity National Information Services were worth $5,678,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FIS. Heck Capital Advisors LLC acquired a new position in Fidelity National Information Services during the 4th quarter valued at about $2,593,000. Avanza Fonder AB bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $3,227,000. Princeton Global Asset Management LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $2,313,000. CENTRAL TRUST Co lifted its position in 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 purchasing an additional 10,452 shares during the period. Finally, Brighton Jones LLC bought a new position in Fidelity National Information Services during the 4th quarter valued at $347,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 0.6 %

FIS opened at $82.77 on Friday. The company has a market capitalization of $44.56 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $91.98. The business has a 50-day moving average of $81.47 and a 200-day moving average of $82.74.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.93%. Fidelity National Information Services’s dividend payout ratio is currently 63.75%.

Insiders Place Their Bets

In other news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FIS. Jefferies Financial Group raised their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Mizuho lifted their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $104.00 price target on shares of Fidelity National Information Services in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company started coverage on Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

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.