Mayport LLC Sells 1,000 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mayport LLC trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.1% during the fourth quarter, Holdings Channel reports. The fund owned 7,983 shares of the information technology services provider’s stock after selling 1,000 shares during the quarter. Mayport LLC’s holdings in Fidelity National Information Services were worth $645,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Fidelity National Information Services by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,408 shares of the information technology services provider’s stock worth $285,000 after purchasing an additional 254 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Fidelity National Information Services by 8.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,657 shares of the information technology services provider’s stock worth $868,000 after purchasing an additional 734 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Fidelity National Information Services by 89.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock worth $52,846,000 after purchasing an additional 297,266 shares in the last quarter. Intact Investment Management Inc. grew its holdings in shares of Fidelity National Information Services by 9.1% during the 3rd quarter. Intact Investment Management Inc. now owns 60,200 shares of the information technology services provider’s stock worth $5,042,000 after purchasing an additional 5,000 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Fidelity National Information Services by 6.0% during the 3rd quarter. National Pension Service now owns 915,480 shares of the information technology services provider’s stock worth $76,671,000 after purchasing an additional 52,036 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent research reports. 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 report on Tuesday, November 5th. Raymond James lowered 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. TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Compass Point decreased their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Trading Up 1.4 %

NYSE:FIS opened at $72.11 on Tuesday. Fidelity National Information Services, Inc. has a fifty-two week low of $66.71 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $38.20 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. The business’s 50-day simple moving average is $77.30 and its 200-day simple moving average is $82.31.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 quarter in the previous year, the firm posted $0.94 EPS. Sell-side analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This is a boost 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 2.22%. Fidelity National Information Services’s payout ratio is presently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.