Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by First Business Financial Services Inc.

First Business Financial Services Inc. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,963 shares of the information technology services provider’s stock after selling 313 shares during the quarter. First Business Financial Services Inc.’s holdings in Fidelity National Information Services were worth $320,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $2,593,000. Avanza Fonder AB acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $3,227,000. Princeton Global Asset Management LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $2,313,000. Csenge Advisory Group increased its position in Fidelity National Information Services by 44.4% during the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after purchasing an additional 4,134 shares in the last quarter. Finally, WealthShield Partners LLC increased its position in Fidelity National Information Services by 27.4% during the 4th quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider’s stock worth $2,221,000 after purchasing an additional 5,913 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $69.67 on Thursday. The business’s fifty day moving average price is $76.80 and its 200 day moving average price is $82.16. Fidelity National Information Services, Inc. has a 12-month low of $66.72 and a 12-month high of $91.98. The stock has a market capitalization of $36.91 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

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 (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 previous year, the firm earned $0.94 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.30%. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Analysts Set New Price Targets

A number of research firms recently issued reports on FIS. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Stephens decreased their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Finally, Barclays decreased their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. One 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 stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $88.65.

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.