Wells Fargo & Company MN Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Wells Fargo & Company MN trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 894,044 shares of the information technology services provider's stock after selling 110,567 shares during the period. Wells Fargo & Company MN owned 0.17% of Fidelity National Information Services worth $72,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Fidelity National Information Services in the 4th quarter valued at about $30,000. Groupama Asset Managment grew its holdings 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 purchasing an additional 319 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Fidelity National Information Services in the third quarter valued at approximately $37,000. OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth $40,000. Finally, Grove Bank & Trust lifted its stake in shares of Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Morgan Stanley dropped 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 research note on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on 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. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their target price for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Stephens reduced their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Hold" and an average price target of $88.89.

Fidelity National Information Services Trading Down 0.7 %

FIS traded down $0.54 during midday trading on Monday, reaching $71.81. 596,494 shares of the company's stock traded hands, compared to its average volume of 3,462,267. The stock has a market capitalization of $38.04 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 1.23 and a beta of 1.06. The firm has a fifty day moving average of $72.29 and a two-hundred day moving average of $80.09. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the previous year, the company posted $0.94 EPS. On average, equities 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 was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a $0.40 dividend. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.23%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

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.