SG Americas Securities LLC Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

SG Americas Securities LLC lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 44.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,071 shares of the information technology services provider's stock after selling 12,664 shares during the quarter. SG Americas Securities LLC's holdings in Fidelity National Information Services were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank purchased a new position in Fidelity National Information Services during the 3rd quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $30,000. Groupama Asset Managment boosted its stake in Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after buying an additional 319 shares during the period. Finally, Concord Wealth Partners raised its holdings in shares of Fidelity National Information Services by 50.2% in the third 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 period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on FIS shares. Jefferies Financial Group raised their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Royal Bank of Canada restated an "outperform" rating and issued a $104.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. Morgan Stanley increased their target price on Fidelity National Information Services from $87.00 to $92.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Mizuho raised their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Finally, Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $92.00.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, 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 SEC, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Down 0.8 %

FIS traded down $0.66 during mid-day trading on Tuesday, reaching $80.45. 2,165,799 shares of the stock were exchanged, compared to its average volume of 2,332,501. The company has a 50 day moving average price of $82.04 and a two-hundred day moving average price of $82.53. The stock has a market capitalization of $43.31 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 0.60 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, Inc. has a 1 year low of $60.39 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business 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 firm posted $0.94 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services's dividend payout ratio is presently 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.