Meridian Wealth Advisors LLC Lowers Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Meridian Wealth Advisors LLC cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,871 shares of the information technology services provider’s stock after selling 141 shares during the period. Meridian Wealth Advisors LLC’s holdings in Fidelity National Information Services were worth $232,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FIS. Larson Financial Group LLC grew its stake in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the period. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $30,000. Groupama Asset Managment grew its stake in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services in the third quarter worth $37,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $40,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value 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 represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports 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 for the company in a research report on Tuesday, February 18th. Morgan Stanley dropped their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Stephens dropped their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. UBS Group dropped their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Trading Down 1.4 %

NYSE:FIS opened at $73.38 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. The business’s 50 day moving average is $74.76 and its two-hundred day moving average is $81.40. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a market cap of $38.87 billion, a PE ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.11.

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

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders 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 yield of 2.18%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

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.