Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Sepio Capital LP

Sepio Capital LP lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 35,926 shares of the information technology services provider’s stock after selling 2,169 shares during the quarter. Sepio Capital LP’s holdings in Fidelity National Information Services were worth $2,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIS. Benjamin Edwards Inc. purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $308,000. Hilltop Holdings Inc. purchased a new stake in Fidelity National Information Services during the third quarter worth $263,000. HighTower Advisors LLC increased its position in shares of Fidelity National Information Services by 1.9% in the third quarter. HighTower Advisors LLC now owns 127,609 shares of the information technology services provider’s stock valued at $10,684,000 after buying an additional 2,363 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Fidelity National Information Services by 7.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,908 shares of the information technology services provider’s stock worth $830,000 after buying an additional 677 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its position in shares of Fidelity National Information Services by 78.2% in the 3rd quarter. IHT Wealth Management LLC now owns 5,097 shares of the information technology services provider’s stock worth $427,000 after buying an additional 2,236 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FIS. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Stephens cut their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $88.05.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Down 6.2 %

Shares of FIS stock opened at $69.90 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The firm’s 50 day moving average price is $73.84 and its two-hundred day moving average price is $80.75. The stock has a market cap of $37.02 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, analysts anticipate 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 was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Fidelity National Information Services Company 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.