Chesley Taft & Associates LLC Reduces Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Chesley Taft & Associates LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,903 shares of the information technology services provider’s stock after selling 464 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Fidelity National Information Services were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after purchasing an additional 3,535,596 shares during the last quarter. Raymond James & Associates grew its holdings in Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after buying an additional 3,357,329 shares during the period. Nordea Investment Management AB grew its holdings in Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after buying an additional 562,154 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $40,029,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Fidelity National Information Services by 409.5% during the 2nd quarter. Mackenzie Financial Corp now owns 429,092 shares of the information technology services provider’s stock worth $32,336,000 after acquiring an additional 344,869 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was 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 link. Also, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was 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 company insiders.

Fidelity National Information Services Stock Up 0.3 %

Shares of Fidelity National Information Services stock opened at $79.00 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a 1-year low of $59.90 and a 1-year high of $91.98. The business has a 50-day moving average of $82.92 and a 200-day moving average of $82.36. The company has a market capitalization of $42.53 billion, a PE ratio of 31.47, a P/E/G ratio of 0.60 and a beta of 1.04.

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 company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several brokerages recently commented on FIS. 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. Robert W. Baird upped their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price on the stock. Barclays boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group lifted their price objective 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

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.