Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 364,214 shares of the information technology services provider’s stock after selling 2,643 shares during the quarter. Fidelity National Information Services comprises about 2.1% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 20th biggest position. Mountain Pacific Investment Advisers LLC’s holdings in Fidelity National Information Services were worth $29,418,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Fidelity National Information Services by 5.4% during the 4th quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider’s stock valued at $228,000 after acquiring an additional 144 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 399 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Fidelity National Information Services by 23.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 3,291 shares of the information technology services provider’s stock valued at $266,000 after purchasing an additional 625 shares during the last quarter. Bowman & Co S.C. raised its position in shares of Fidelity National Information Services by 16.0% during the 4th quarter. Bowman & Co S.C. now owns 16,356 shares of the information technology services provider’s stock worth $1,322,000 after purchasing an additional 2,256 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in Fidelity National Information Services by 7.4% in the 4th quarter. HB Wealth Management LLC now owns 61,692 shares of the information technology services provider’s stock valued at $4,982,000 after buying an additional 4,246 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In related news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $78.70 on Tuesday. 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, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98. The company has a 50-day moving average of $83.12 and a 200-day moving average of $82.34. The company has a market capitalization of $42.37 billion, a P/E ratio of 31.35, a PEG ratio of 0.59 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results 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 business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business earned $0.94 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Susquehanna boosted their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Jefferies Financial Group boosted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

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.