Value Holdings Management CO. LLC cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,000 shares of the information technology services provider's stock after selling 14,000 shares during the quarter. Fidelity National Information Services makes up approximately 2.4% of Value Holdings Management CO. LLC's portfolio, making the stock its 17th biggest position. Value Holdings Management CO. LLC's holdings in Fidelity National Information Services were worth $13,812,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd 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 in the third quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services during the 2nd quarter valued at $30,000. Groupama Asset Managment boosted its stake in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock valued at $35,000 after buying an additional 319 shares during the last quarter. Finally, Concord Wealth Partners lifted its holdings in Fidelity National Information Services by 50.2% during the 3rd 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 last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on FIS. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Robert W. Baird upped their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. Finally, TD Cowen upped their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. One equities research 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $92.00.
Read Our Latest Research Report on Fidelity National Information Services
Fidelity National Information Services Stock Performance
FIS traded down $0.01 during midday trading on Friday, reaching $78.70. The company had a trading volume of 3,149,968 shares, compared to its average volume of 2,263,666. The business has a 50-day moving average of $83.12 and a two-hundred day moving average of $82.30. 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. Fidelity National Information Services, Inc. has a 1 year low of $58.24 and a 1 year high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced 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. The firm had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.
Fidelity National Information Services Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.36 per share. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. Fidelity National Information Services's dividend payout ratio is 57.37%.
Insiders Place Their Bets
In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of the company's stock in a transaction dated 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 completion of the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company's stock.
Fidelity National Information Services Profile
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Free Report)
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.
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