Precedent Wealth Partners LLC Has $320,000 Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Precedent Wealth Partners LLC lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,964 shares of the information technology services provider’s stock after selling 313 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Fidelity National Information Services were worth $320,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FIS. State Street Corp raised its stake in shares of Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after purchasing an additional 211,787 shares during the period. Legal & General Group Plc raised its holdings in shares of Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares during the period. The Manufacturers Life Insurance Company boosted its position in Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after purchasing an additional 538,514 shares during the period. Raymond James & Associates lifted its holdings in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock valued at $234,015,000 after acquiring an additional 174,673 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired 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 of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. TD Cowen boosted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their price target on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $104.00 price target on shares of Fidelity National Information Services in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.00.

Fidelity National Information Services Stock Down 0.1 %

FIS stock opened at $79.24 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $60.39 and a 12 month high of $91.98. The company has a market cap of $42.66 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 0.60 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $82.18 and a two-hundred day moving average of $82.37.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business posted $0.94 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

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.