Sequoia Financial Advisors LLC Has $650,000 Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Sequoia Financial Advisors LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,053 shares of the information technology services provider’s stock after buying an additional 804 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Fidelity National Information Services were worth $650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FIS. Larson Financial Group LLC raised its position 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 acquiring an additional 159 shares during the last quarter. R Squared Ltd bought a new stake in Fidelity National Information Services in the fourth quarter valued at about $30,000. Groupama Asset Managment lifted its stake in Fidelity National Information Services by 0.8% in the third 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 position in shares of Fidelity National Information Services during the 3rd quarter worth about $37,000. Finally, OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $40,000. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FIS has been the subject of a number of analyst reports. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Royal Bank of Canada lowered their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Stephens lowered their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, UBS Group cut their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and a consensus price target of $88.65.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $72.33 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $75.15 and a 200 day moving average price of $81.63. The stock has a market capitalization of $38.31 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released 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 previous year, the firm earned $0.94 earnings per share. Analysts predict 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors 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 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

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.