Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 37.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,469 shares of the information technology services provider's stock after selling 12,976 shares during the period. Red Cedar Investment Management LLC's holdings in Fidelity National Information Services were worth $1,734,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC boosted its position in shares of Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after buying an additional 129 shares during the period. Graypoint LLC raised its holdings in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock valued at $253,000 after purchasing an additional 132 shares during the last quarter. Old Port Advisors boosted its holdings in Fidelity National Information Services by 4.9% during the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock worth $232,000 after purchasing an additional 135 shares during the last quarter. Aptus Capital Advisors LLC grew its position in Fidelity National Information Services by 3.9% in the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after purchasing an additional 137 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in Fidelity National Information Services by 4.6% during the 3rd quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider's stock worth $281,000 after buying an additional 141 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

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 firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost 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 approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $0.23 on Wednesday, reaching $69.44. The stock had a trading volume of 4,038,180 shares, compared to its average volume of 3,453,019. Fidelity National Information Services, Inc. has a 1 year low of $62.17 and a 1 year high of $91.98. The stock has a market cap of $36.78 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day simple moving average of $79.59 and a 200 day simple moving average of $82.74.

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 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 period in the previous year, the firm earned $0.94 earnings per share. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.73 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This is an increase 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 yield of 2.30%. Fidelity National Information Services's payout ratio is presently 55.17%.

Analyst Ratings Changes

Several research analysts recently commented on the company. TD Cowen increased their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Compass Point dropped their price target 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. UBS Group cut their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Barclays lowered their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, BNP Paribas lowered Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $87.36.

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.