Sentry Investment Management LLC Sells 371 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Sentry Investment Management LLC lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,278 shares of the information technology services provider’s stock after selling 371 shares during the period. Sentry Investment Management LLC’s holdings in Fidelity National Information Services were worth $184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $2,593,000. Avanza Fonder AB bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $3,227,000. Princeton Global Asset Management LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at approximately $2,313,000. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $347,000. Finally, Csenge Advisory Group lifted its holdings in shares of Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after purchasing an additional 4,134 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FIS shares. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. TD Cowen increased their target price 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. Finally, Barclays dropped their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.36.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $69.32 on Wednesday. Fidelity National Information Services, Inc. has a one year low of $62.63 and a one year high of $91.98. The company has a market cap of $36.72 billion, a PE ratio of 26.56, a P/E/G ratio of 1.23 and a beta of 1.04. The stock has a 50-day moving average of $78.14 and a 200-day moving average of $82.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $0.94 earnings per share. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 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. Shareholders of record on Tuesday, March 11th will be issued 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 annualized dividend and a yield of 2.31%. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

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.