Stephens Inc. AR Sells 4,767 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Stephens Inc. AR lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 56.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,680 shares of the information technology services provider’s stock after selling 4,767 shares during the quarter. Stephens Inc. AR’s holdings in Fidelity National Information Services were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at about $28,000. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Groupama Asset Managment raised its stake in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 319 shares during the period. Finally, Concord Wealth Partners lifted its stake in shares of Fidelity National Information Services by 50.2% during the 3rd 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 during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 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 transaction, the director now 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Stephens lowered 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 report on Wednesday. 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 on the stock in a report on Wednesday. Royal Bank of Canada reduced their price target 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. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, UBS Group lowered their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.95.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $68.84 on Friday. The company has a 50-day simple moving average of $80.20 and a 200-day simple moving average of $82.73. Fidelity National Information Services, Inc. has a one year low of $62.17 and a one year high of $91.98. The stock has a market capitalization of $37.06 billion, a price-to-earnings ratio of 27.43, a PEG 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 (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm posted $0.94 EPS. On average, analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. 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 payout ratio is 57.37%.

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.