Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by North Star Asset Management Inc.

North Star Asset Management Inc. cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,916 shares of the information technology services provider’s stock after selling 1,886 shares during the period. North Star Asset Management Inc.’s holdings in Fidelity National Information Services were worth $17,440,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vise Technologies Inc. raised its holdings in Fidelity National Information Services by 159.6% in the fourth quarter. Vise Technologies Inc. now owns 11,930 shares of the information technology services provider’s stock valued at $964,000 after acquiring an additional 7,335 shares in the last quarter. City National Bank of Florida MSD acquired a new stake in Fidelity National Information Services in the fourth quarter valued at $277,000. Inspire Trust Co. N.A. raised its holdings in Fidelity National Information Services by 5.0% in the fourth quarter. Inspire Trust Co. N.A. now owns 35,000 shares of the information technology services provider’s stock valued at $2,827,000 after acquiring an additional 1,680 shares in the last quarter. RB Capital Management LLC raised its holdings in Fidelity National Information Services by 12.2% in the fourth quarter. RB Capital Management LLC now owns 4,923 shares of the information technology services provider’s stock valued at $398,000 after acquiring an additional 534 shares in the last quarter. Finally, Novem Group acquired a new stake in Fidelity National Information Services in the fourth quarter valued at $680,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Down 0.0%

Fidelity National Information Services stock opened at $78.33 on Friday. The stock has a market cap of $41.15 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 1.23 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $75.54 and its two-hundred day moving average price is $78.05. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of research reports. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. UBS Group increased their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Finally, Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.11.

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.