Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,943 shares of the information technology services provider’s stock after selling 12,117 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Fidelity National Information Services were worth $7,007,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC increased its position in Fidelity National Information Services by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after acquiring an additional 129 shares during the period. Graypoint LLC increased its holdings in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after purchasing an additional 132 shares during the period. Atomi Financial Group Inc. lifted its holdings in shares of Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after purchasing an additional 135 shares during the period. Old Port Advisors lifted its holdings in shares of Fidelity National Information Services by 4.9% during the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 135 shares during the period. Finally, Aptus Capital Advisors LLC grew its position in Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after buying an additional 137 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Compass Point initiated coverage on shares of 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. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. UBS Group increased their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $79.23 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $59.90 and a fifty-two week high of $91.98. The business has a fifty day moving average of $82.54 and a 200-day moving average of $82.36. The stock has a market cap of $42.66 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

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 (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.36 per share. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

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.