VisionPoint Advisory Group LLC Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

VisionPoint Advisory Group LLC cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,584 shares of the information technology services provider’s stock after selling 340 shares during the period. Fidelity National Information Services comprises about 0.9% of VisionPoint Advisory Group LLC’s investment portfolio, making the stock its 27th biggest position. VisionPoint Advisory Group LLC’s holdings in Fidelity National Information Services were worth $2,610,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of FIS. Creative Planning increased its stake in shares of Fidelity National Information Services by 6.9% in the third quarter. Creative Planning now owns 69,023 shares of the information technology services provider’s stock worth $5,781,000 after purchasing an additional 4,452 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Fidelity National Information Services by 6.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider’s stock worth $2,362,000 after buying an additional 1,620 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in Fidelity National Information Services by 14.8% during the third quarter. Foundations Investment Advisors LLC now owns 3,890 shares of the information technology services provider’s stock valued at $326,000 after acquiring an additional 502 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Fidelity National Information Services by 22.5% during the third quarter. Sequoia Financial Advisors LLC now owns 7,249 shares of the information technology services provider’s stock valued at $607,000 after acquiring an additional 1,330 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Fidelity National Information Services by 11.4% in the third quarter. Signaturefd LLC now owns 4,252 shares of the information technology services provider’s stock valued at $356,000 after acquiring an additional 436 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $69.89 on Friday. 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 business’s 50-day moving average is $78.98 and its two-hundred day moving average is $82.56. Fidelity National Information Services, Inc. has a 1 year low of $62.17 and a 1 year high of $91.98. The firm has a market capitalization of $37.02 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 last year, the firm earned $0.94 EPS. Research 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 will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is presently 55.17%.

Analyst Ratings Changes

FIS has been the subject of a number of research analyst reports. Royal Bank of Canada cut 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 report on Wednesday, February 12th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Morgan Stanley cut their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Barclays decreased their target price 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.36.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

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.