Farther Finance Advisors LLC Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Farther Finance Advisors LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,110 shares of the information technology services provider’s stock after selling 298 shares during the period. Farther Finance Advisors LLC’s holdings in Fidelity National Information Services were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in Fidelity National Information Services by 11.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,053 shares of the information technology services provider’s stock worth $650,000 after acquiring an additional 804 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in Fidelity National Information Services by 200.0% in the 4th quarter. Wealthfront Advisers LLC now owns 49,257 shares of the information technology services provider’s stock worth $3,978,000 after acquiring an additional 32,839 shares during the last quarter. Independent Advisor Alliance raised its holdings in Fidelity National Information Services by 17.7% in the 4th quarter. Independent Advisor Alliance now owns 7,900 shares of the information technology services provider’s stock worth $638,000 after acquiring an additional 1,188 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Fidelity National Information Services by 0.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 71,235 shares of the information technology services provider’s stock worth $5,754,000 after acquiring an additional 592 shares during the last quarter. Finally, Moran Wealth Management LLC raised its holdings in Fidelity National Information Services by 369.2% in the 4th quarter. Moran Wealth Management LLC now owns 238,979 shares of the information technology services provider’s stock worth $19,302,000 after acquiring an additional 188,047 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 1.4 %

Shares of Fidelity National Information Services stock opened at $73.24 on Wednesday. The company has a market capitalization of $38.79 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average of $75.03 and a 200 day moving average of $81.57. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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 14.54% and a return on equity of 17.30%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, sell-side analysts anticipate 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. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Tuesday, March 11th. 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 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley decreased their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus target price of $88.65.

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.