Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,646,947 shares of the information technology services provider’s stock after selling 35,552 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity National Information Services were worth $133,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FIS. Heck Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $2,593,000. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services in the 4th quarter valued at $451,458,000. Avanza Fonder AB acquired a new stake in Fidelity National Information Services during the 4th quarter worth $3,227,000. Princeton Global Asset Management LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at $2,313,000. Finally, Csenge Advisory Group raised its holdings in shares of Fidelity National Information Services by 44.4% in the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after buying an additional 4,134 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIS shares. Wells Fargo & Company dropped their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Stephens dropped their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday. Finally, William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.05.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $68.56 on Tuesday. The business has a 50 day moving average price of $73.59 and a 200 day moving average price of $80.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $36.31 billion, a P/E ratio of 26.27, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted $0.94 earnings per share. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.33%. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.