KLCM Advisors Inc. Sells 465 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

KLCM Advisors Inc. reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,530 shares of the information technology services provider’s stock after selling 465 shares during the period. KLCM Advisors Inc.’s holdings in Fidelity National Information Services were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings 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 valued at $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth approximately $28,000. R Squared Ltd bought a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $30,000. Groupama Asset Managment boosted its holdings in shares of Fidelity National Information Services by 0.8% during the 3rd 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 in the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after buying an additional 146 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 2.4 %

Shares of FIS opened at $68.84 on Monday. The business has a 50-day moving average of $80.20 and a 200 day moving average of $82.78. Fidelity National Information Services, Inc. has a fifty-two week low of $62.17 and a fifty-two week high of $91.98. The firm has a market cap of $37.06 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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 15.35% and a net margin of 14.37%. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is presently 57.37%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. UBS Group lowered their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Stephens lowered their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $87.95.

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.