BBR Partners LLC Has $542,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

BBR Partners LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 24.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,714 shares of the information technology services provider’s stock after selling 2,135 shares during the quarter. BBR Partners LLC’s holdings in Fidelity National Information Services were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FIS. Farther Finance Advisors LLC raised its position in shares of Fidelity National Information Services by 8.1% in the third quarter. Farther Finance Advisors LLC now owns 3,408 shares of the information technology services provider’s stock valued at $285,000 after purchasing an additional 254 shares during the period. QRG Capital Management Inc. raised its position in shares of Fidelity National Information Services by 7.7% in the third quarter. QRG Capital Management Inc. now owns 41,548 shares of the information technology services provider’s stock valued at $3,480,000 after purchasing an additional 2,983 shares during the period. Graypoint LLC raised its position 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. Montecito Bank & Trust raised its position in shares of Fidelity National Information Services by 27.7% in the third quarter. Montecito Bank & Trust now owns 3,485 shares of the information technology services provider’s stock valued at $292,000 after purchasing an additional 755 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Fidelity National Information Services in the third quarter valued at about $94,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

FIS stock opened at $70.41 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12 month low of $66.72 and a 12 month high of $91.98. The firm has a market cap of $37.30 billion, a P/E ratio of 26.98, a P/E/G ratio of 1.23 and a beta of 1.11. The company’s 50-day moving average price is $76.56 and its two-hundred day moving average price is $82.07.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the prior year, the company posted $0.94 EPS. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared 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 is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FIS shares. Barclays dropped their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Stephens lowered their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley lowered their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $88.65.

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.