Artemis Investment Management LLP Sells 49,377 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Artemis Investment Management LLP trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 326,769 shares of the information technology services provider's stock after selling 49,377 shares during the quarter. Artemis Investment Management LLP owned 0.06% of Fidelity National Information Services worth $26,393,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC raised its stake in shares of Fidelity National Information Services by 23.4% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,291 shares of the information technology services provider's stock valued at $266,000 after purchasing an additional 625 shares during the period. Bowman & Co S.C. lifted its stake in Fidelity National Information Services by 16.0% in the 4th quarter. Bowman & Co S.C. now owns 16,356 shares of the information technology services provider's stock valued at $1,322,000 after acquiring an additional 2,256 shares in the last quarter. HB Wealth Management LLC boosted its position in Fidelity National Information Services by 7.4% during the 4th quarter. HB Wealth Management LLC now owns 61,692 shares of the information technology services provider's stock worth $4,982,000 after acquiring an additional 4,246 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Fidelity National Information Services by 2.3% during the 4th quarter. Trust Co. of Vermont now owns 10,354 shares of the information technology services provider's stock worth $836,000 after acquiring an additional 232 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. raised its holdings in shares of Fidelity National Information Services by 24.3% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 11,410 shares of the information technology services provider's stock valued at $922,000 after purchasing an additional 2,231 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated 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 transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stephens lifted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Barclays raised their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. UBS Group increased their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Compass Point assumed coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $92.00.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded down $0.01 during midday trading on Monday, reaching $78.70. The company's stock had a trading volume of 3,149,968 shares, compared to its average volume of 2,263,666. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $42.37 billion, a P/E ratio of 31.35, a P/E/G ratio of 0.59 and a beta of 1.04. The business's 50 day moving average price is $83.12 and its two-hundred day moving average price is $82.34. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the company posted $0.94 EPS. The company's revenue was up 3.1% compared to the same quarter last year. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services's dividend payout ratio is currently 57.37%.

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.