Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,473 shares of the information technology services provider’s stock after selling 269 shares during the period. Integrated Advisors Network LLC’s holdings in Fidelity National Information Services were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Brown Brothers Harriman & Co. raised its position in shares of Fidelity National Information Services by 14.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after buying an additional 166 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Fidelity National Information Services by 9.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 203 shares during the period. First Business Financial Services Inc. grew its holdings in shares of Fidelity National Information Services by 4.4% in the third quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider’s stock valued at $305,000 after purchasing an additional 230 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Fidelity National Information Services by 1.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock valued at $1,178,000 after purchasing an additional 232 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Fidelity National Information Services by 7.5% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider’s stock valued at $204,000 after purchasing an additional 237 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIS. Morgan Stanley upped their price objective on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Barclays upped their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. BNP Paribas lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Thursday, April 11th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average target price of $79.32.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction on Monday, April 15th. The shares were bought at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Up 1.2 %

Shares of NYSE:FIS opened at $77.02 on Wednesday. The firm’s 50 day moving average price is $74.08 and its 200 day moving average price is $67.87. The stock has a market cap of $42.84 billion, a price-to-earnings ratio of -7.53, a price-to-earnings-growth ratio of 0.78 and a beta of 1.05. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 4.96 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. Fidelity National Information Services’s payout ratio is currently -14.08%.

Fidelity National Information Services declared that its Board of Directors has approved a share repurchase plan on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.