Farther Finance Advisors LLC Sells 298 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Farther Finance Advisors LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.7% in the fourth quarter, Holdings Channel reports. The fund owned 3,110 shares of the information technology services provider’s stock after selling 298 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fidelity National Information Services were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FIS. Larson Financial Group LLC lifted its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares during the last quarter. R Squared Ltd purchased a new stake in Fidelity National Information Services in the 4th quarter worth about $30,000. Groupama Asset Managment raised its position in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the period. Morse Asset Management Inc purchased a new stake in Fidelity National Information Services in the 3rd quarter worth about $37,000. Finally, OFI Invest Asset Management purchased a new stake in Fidelity National Information Services in the 4th quarter worth about $40,000. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FIS. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. 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. Barclays reduced their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods decreased their price target 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 assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $73.24 on Wednesday. The company has a market capitalization of $38.79 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. 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 firm has a 50 day moving average of $75.03 and a 200 day moving average of $81.57.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results 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 period last year, the company earned $0.94 EPS. On average, sell-side analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued 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 2.18%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.