Commonwealth Equity Services LLC Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Commonwealth Equity Services LLC decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,433 shares of the information technology services provider's stock after selling 6,107 shares during the period. Commonwealth Equity Services LLC's holdings in Fidelity National Information Services were worth $13,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bradley Foster & Sargent Inc. CT raised its stake in Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after buying an additional 128 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after acquiring an additional 129 shares during the last quarter. Old Port Advisors raised its stake in Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after acquiring an additional 135 shares during the period. Modera Wealth Management LLC lifted its holdings in Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after purchasing an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its position in Fidelity National Information Services by 3.8% during the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock worth $303,000 after purchasing an additional 138 shares during the period. Institutional investors own 96.23% of the company's stock.

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Fidelity National Information Services Trading Down 1.4 %

Shares of NYSE FIS traded down $1.03 during trading hours on Friday, hitting $73.38. 6,912,484 shares of the company traded hands, compared to its average volume of 3,383,020. The company's 50 day moving average price is $74.76 and its 200 day moving average price is $81.40. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The stock has a market capitalization of $38.87 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. 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 (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, topping the consensus estimate 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 in the prior year, the company earned $0.94 earnings per share. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a $0.40 dividend. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

FIS has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, UBS Group lowered their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of "Hold" and an average target price 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.