Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,039 shares of the information technology services provider’s stock after selling 295 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Fidelity National Information Services were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in FIS. Larson Financial Group LLC lifted its position in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the 3rd quarter valued at about $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $30,000. Groupama Asset Managment boosted its stake in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after buying an additional 319 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Fidelity National Information Services during the third quarter worth about $37,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIS. UBS Group decreased their price target on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Morgan Stanley lowered their price target on shares of 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. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. TD Cowen upped their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and an average target price of $88.43.

Fidelity National Information Services Trading Up 0.5 %

Shares of FIS opened at $69.25 on Friday. The firm’s fifty day moving average is $77.69 and its two-hundred day moving average is $82.33. The stock has a market cap of $36.68 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. 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, Inc. has a 52-week low of $66.38 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $0.94 earnings per share. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.31%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate 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.