Atria Investments Inc Trims Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Atria Investments Inc decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 14.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,011 shares of the information technology services provider's stock after selling 9,721 shares during the quarter. Atria Investments Inc's holdings in Fidelity National Information Services were worth $4,766,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIS. Farther Finance Advisors LLC increased its stake in shares of Fidelity National Information Services by 8.1% during the third quarter. Farther Finance Advisors LLC now owns 3,408 shares of the information technology services provider's stock worth $285,000 after purchasing an additional 254 shares in the last quarter. Graypoint LLC boosted its stake in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after acquiring an additional 132 shares during the last quarter. Montecito Bank & Trust increased its position in shares of Fidelity National Information Services by 27.7% during the third quarter. Montecito Bank & Trust now owns 3,485 shares of the information technology services provider's stock worth $292,000 after purchasing an additional 755 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Fidelity National Information Services in the 3rd quarter valued at $94,000. Finally, CWA Asset Management Group LLC purchased a new position in Fidelity National Information Services in the 3rd quarter valued at $362,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

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Fidelity National Information Services Stock Down 3.7 %

FIS traded down $2.64 during trading hours on Tuesday, hitting $68.23. 4,395,041 shares of the company's stock were exchanged, compared to its average volume of 3,368,925. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12-month low of $66.72 and a 12-month high of $91.98. The firm has a market cap of $36.14 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The firm has a 50 day moving average of $76.17 and a 200 day moving average of $82.01.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its 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 14.54% and a return on equity of 17.30%. During the same quarter last year, the business earned $0.94 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.35%. Fidelity National Information Services's payout ratio is presently 61.30%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIS. Barclays dropped their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. BNP Paribas cut Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Royal Bank of Canada cut their target price 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. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Morgan Stanley cut their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $88.65.

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.