Advisory Services Network LLC Cuts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Advisory Services Network LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,528 shares of the information technology services provider's stock after selling 4,043 shares during the period. Advisory Services Network LLC's holdings in Fidelity National Information Services were worth $446,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc bought a new position in Fidelity National Information Services in the 3rd quarter worth about $37,000. Anchor Investment Management LLC raised its stake in shares of Fidelity National Information Services by 1,240.5% during the 3rd quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider's stock worth $147,000 after acquiring an additional 1,625 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 2,063.1% during the 3rd quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider's stock valued at $5,944,000 after purchasing an additional 67,690 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Fidelity National Information Services in the third quarter valued at about $976,000. Finally, Synovus Financial Corp raised its position in shares of Fidelity National Information Services by 68.1% in the 3rd quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider's stock valued at $1,313,000 after purchasing an additional 6,349 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded up $5.99 during midday trading on Friday, reaching $74.63. The company had a trading volume of 8,057,028 shares, compared to its average volume of 3,494,287. The firm's fifty day simple moving average is $71.39 and its 200-day simple moving average is $79.73. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $39.53 billion, a P/E ratio of 28.60, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the company earned $0.94 earnings per share. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.14%. The ex-dividend date was Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Analysts Set New Price Targets

A number of brokerages have commented on FIS. Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Barclays lowered their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada reduced their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Stephens lowered their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Finally, Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $115.00 to $101.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $88.89.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Company 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.