Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,239 shares of the information technology services provider’s stock after selling 487 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Fidelity National Information Services were worth $3,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $28,000. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $30,000. Concord Wealth Partners grew its position in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after buying an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the third quarter worth $37,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 0.9 %

Shares of FIS stock opened at $69.61 on Wednesday. The firm has a market capitalization of $37.48 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a 1 year low of $62.17 and a 1 year high of $91.98. The stock has a fifty day moving average of $79.59 and a two-hundred day moving average of $82.74.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.30%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on 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 acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on FIS. Compass Point decreased their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company decreased their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research note 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 on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada decreased their target price 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. Finally, Keefe, Bruyette & Woods dropped their price target 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. One investment 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. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and an average price target of $87.36.

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.