Commonwealth Retirement Investments LLC Sells 160 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Commonwealth Retirement Investments LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,916 shares of the information technology services provider’s stock after selling 160 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Fidelity National Information Services were worth $478,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT boosted its position in shares of Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after acquiring an additional 129 shares in the last quarter. Graypoint LLC grew its stake in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 132 shares during the last quarter. Old Port Advisors increased its holdings in shares of Fidelity National Information Services by 4.9% during the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after acquiring an additional 135 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, 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 SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Down 0.7 %

Shares of FIS stock opened at $69.38 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12 month low of $62.63 and a 12 month high of $91.98. The stock has a market cap of $36.75 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.23 and a beta of 1.04. The company has a 50 day simple moving average of $78.42 and a two-hundred day simple moving average of $82.57.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $0.94 earnings per share. On average, research analysts expect 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. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.31%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Analyst Upgrades and Downgrades

Several analysts recently commented on FIS shares. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. TD Cowen raised their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Raymond James cut 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 research report on Monday, January 6th. Mizuho lifted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.