Stephens Inc. AR Sells 4,767 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Stephens Inc. AR lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 56.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,680 shares of the information technology services provider's stock after selling 4,767 shares during the quarter. Stephens Inc. AR's holdings in Fidelity National Information Services were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FIS. Larson Financial Group LLC raised its position in 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 in the last quarter. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services during the third quarter valued at about $28,000. R Squared Ltd purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $30,000. Groupama Asset Managment boosted its holdings in shares of Fidelity National Information Services by 0.8% in 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 increased its position 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 acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on FIS. Royal Bank of Canada decreased their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $115.00 to $101.00 in a research report on Monday, January 6th. UBS Group decreased their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Finally, TD Cowen upped their target price 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, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Hold" and a consensus price target of $87.36.

Fidelity National Information Services Stock Performance

FIS traded down $0.23 on Wednesday, hitting $69.44. The company had a trading volume of 3,232,755 shares, compared to its average volume of 3,410,487. Fidelity National Information Services, Inc. has a 1-year low of $62.17 and a 1-year 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. The company's fifty day moving average price is $79.59 and its 200 day moving average price is $82.74. The stock has a market cap of $36.78 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company posted $0.94 earnings per share. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.73 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.30%. Fidelity National Information Services's dividend payout ratio is presently 55.17%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction 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 acquisition, the director now directly owns 11,098 shares in the company, 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. Insiders own 0.20% of the company's stock.

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.