Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by First Business Financial Services Inc.

First Business Financial Services Inc. reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,963 shares of the information technology services provider’s stock after selling 313 shares during the quarter. First Business Financial Services Inc.’s holdings in Fidelity National Information Services were worth $320,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Verdence Capital Advisors LLC increased its stake in Fidelity National Information Services by 47.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,065 shares of the information technology services provider’s stock valued at $1,378,000 after buying an additional 5,497 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $12,245,000. Assetmark Inc. boosted its position in shares of Fidelity National Information Services by 29.7% during the 4th quarter. Assetmark Inc. now owns 69,434 shares of the information technology services provider’s stock worth $5,608,000 after purchasing an additional 15,897 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Fidelity National Information Services by 31.5% during the 4th quarter. Victory Capital Management Inc. now owns 267,941 shares of the information technology services provider’s stock worth $21,642,000 after purchasing an additional 64,240 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $275,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 0.3 %

Shares of FIS stock opened at $69.67 on Thursday. The firm has a 50-day moving average price of $76.80 and a 200 day moving average price of $82.16. Fidelity National Information Services, Inc. has a twelve month low of $66.72 and a twelve month high of $91.98. The company has a market capitalization of $36.91 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.23 and a beta of 1.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results 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 net margin of 14.54% and a return on equity of 17.30%. During the same period in the prior year, the business 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. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

Analysts Set New Price Targets

Several brokerages have commented on FIS. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Stephens decreased their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Compass Point decreased their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays decreased their price objective 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, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to 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 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.