Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,534 shares of the information technology services provider’s stock after selling 14,010 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fidelity National Information Services were worth $6,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of FIS. Raymond James & Associates raised its stake in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after purchasing an additional 3,357,329 shares during the period. Nordea Investment Management AB grew its stake in Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after buying an additional 562,154 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after buying an additional 538,514 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Fidelity National Information Services by 89.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock worth $52,846,000 after purchasing an additional 297,266 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Fidelity National Information Services by 0.9% during the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 0.8 %

FIS opened at $80.45 on Wednesday. The stock has a fifty day moving average of $82.04 and a 200-day moving average of $82.53. Fidelity National Information Services, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $91.98. The company has a market capitalization of $43.31 billion, a P/E ratio of 32.05, a P/E/G ratio of 0.60 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 (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Buying and Selling

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FIS shares. Oppenheimer initiated coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Compass Point started coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price on the stock. Jefferies Financial Group upped their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Mizuho boosted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.00.

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.