NewEdge Wealth LLC Sells 1,652 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

NewEdge Wealth LLC lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 36,907 shares of the information technology services provider’s stock after selling 1,652 shares during the period. NewEdge Wealth LLC’s holdings in Fidelity National Information Services were worth $2,981,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank bought a new position in Fidelity National Information Services during the 3rd quarter worth $28,000. R Squared Ltd bought a new position in Fidelity National Information Services during the 4th quarter worth $30,000. Groupama Asset Managment increased its stake in 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 acquiring an additional 319 shares during the period. Finally, Morse Asset Management Inc bought a new position in shares of Fidelity National Information Services in the 3rd quarter valued at $37,000. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stephens decreased their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley decreased 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 research note on Wednesday, February 12th. Compass Point decreased their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Mizuho lifted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Stock Up 2.8 %

Shares of FIS opened at $71.19 on Friday. The company has a market capitalization of $37.71 billion, a PE ratio of 27.28, a PEG ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a 12 month low of $66.71 and a 12 month high of $91.98. The stock’s 50-day moving average price is $77.49 and its two-hundred day moving average price is $82.30. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping 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 quarter in the prior year, the firm posted $0.94 EPS. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company 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.