SRS Capital Advisors Inc. Decreases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

SRS Capital Advisors Inc. decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 33.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 763 shares of the information technology services provider’s stock after selling 379 shares during the period. SRS Capital Advisors Inc.’s holdings in Fidelity National Information Services were worth $62,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FIS. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after acquiring an additional 129 shares during the period. Graypoint LLC boosted its position in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after acquiring an additional 132 shares during the last quarter. Old Port Advisors grew its holdings in shares of Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 135 shares during the period. Finally, Aptus Capital Advisors LLC raised its stake in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after purchasing an additional 137 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Morgan Stanley reduced their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. UBS Group reduced their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note 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’s stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and a consensus price target of $88.65.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 1.1 %

NYSE FIS opened at $70.41 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $66.72 and a 52 week high of $91.98. The firm has a 50 day moving average of $76.56 and a two-hundred day moving average of $82.07. 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 $37.30 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared 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 a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.27%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

About Fidelity National Information Services

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.