ProVise Management Group LLC Sells 5,290 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

ProVise Management Group LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 10.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,076 shares of the information technology services provider's stock after selling 5,290 shares during the quarter. ProVise Management Group LLC's holdings in Fidelity National Information Services were worth $3,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. GSA Capital Partners LLP bought a new stake in Fidelity National Information Services during the 3rd quarter valued at $590,000. Victory Capital Management Inc. raised its holdings in Fidelity National Information Services by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider's stock worth $17,060,000 after purchasing an additional 11,933 shares in the last quarter. Claro Advisors LLC bought a new position in Fidelity National Information Services in the 3rd quarter worth $208,000. Pathstone Holdings LLC raised its holdings in Fidelity National Information Services by 3.0% in the 3rd quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider's stock worth $3,096,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Caprock Group LLC raised its holdings in Fidelity National Information Services by 115.1% in the 3rd quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider's stock worth $2,225,000 after purchasing an additional 14,218 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

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Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded down $1.03 during trading on Friday, reaching $73.38. 6,912,484 shares of the company traded hands, compared to its average volume of 3,382,426. The firm has a 50 day simple moving average of $74.76 and a 200-day simple moving average of $81.40. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $38.87 billion, a PE ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.11. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm posted $0.94 EPS. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio is 61.30%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays decreased 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 report on Tuesday, February 18th. UBS Group reduced their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Stephens reduced their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Finally, Compass Point reduced their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.