Bruce G. Allen Investments LLC Trims Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Bruce G. Allen Investments LLC decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 46.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 728 shares of the information technology services provider’s stock after selling 634 shares during the period. Bruce G. Allen Investments LLC’s holdings in Fidelity National Information Services were worth $59,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FIS. Victory Capital Management Inc. boosted its holdings in Fidelity National Information Services by 7.8% in the 2nd quarter. Victory Capital Management Inc. now owns 191,768 shares of the information technology services provider’s stock valued at $14,452,000 after purchasing an additional 13,938 shares during the period. Private Advisor Group LLC grew its stake in Fidelity National Information Services by 3.7% in the 2nd quarter. Private Advisor Group LLC now owns 24,207 shares of the information technology services provider’s stock worth $1,824,000 after buying an additional 859 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Fidelity National Information Services by 885.9% in the 2nd quarter. Acadian Asset Management LLC now owns 20,565 shares of the information technology services provider’s stock worth $1,548,000 after buying an additional 18,479 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $94,000. Finally, PFG Investments LLC lifted its holdings in shares of Fidelity National Information Services by 7.8% during the 2nd quarter. PFG Investments LLC now owns 3,470 shares of the information technology services provider’s stock worth $261,000 after acquiring an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 2.8 %

NYSE FIS traded down $2.21 during trading hours on Friday, reaching $77.14. 1,635,045 shares of the company’s stock traded hands, compared to its average volume of 2,298,959. The firm has a market cap of $41.53 billion, a PE ratio of 30.73, a PEG ratio of 0.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a 52-week low of $58.24 and a 52-week high of $91.98. The firm has a 50-day simple moving average of $84.25 and a 200 day simple moving average of $82.11.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.87%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Compass Point began coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price for the company. Susquehanna lifted their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $115.00 to $101.00 in a report on Monday. Finally, TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.19.

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.