Investors Research Corp Sells 983 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Investors Research Corp trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,991 shares of the information technology services provider’s stock after selling 983 shares during the period. Investors Research Corp’s holdings in Fidelity National Information Services were worth $726,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FIS. Heck Capital Advisors LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $2,593,000. Avanza Fonder AB purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $3,227,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $451,458,000. Princeton Global Asset Management LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth approximately $2,313,000. Finally, Csenge Advisory Group boosted its stake in Fidelity National Information Services by 44.4% in 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 during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 1.5 %

Shares of FIS opened at $71.47 on Monday. Fidelity National Information Services, Inc. has a twelve month low of $66.72 and a twelve month high of $91.98. The company has a market cap of $37.86 billion, a P/E ratio of 27.38, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $76.36 and its 200-day simple moving average is $82.07.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 earned $0.94 EPS. As a group, analysts expect 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 announced 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.24%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FIS shares. Barclays reduced 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 downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. One equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $88.65.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

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.