Guggenheim Capital LLC Sells 34,021 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Guggenheim Capital LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,459 shares of the information technology services provider’s stock after selling 34,021 shares during the quarter. Guggenheim Capital LLC’s holdings in Fidelity National Information Services were worth $5,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth $763,000. XTX Topco Ltd bought a new stake in Fidelity National Information Services during the 4th quarter valued at about $2,453,000. Broyhill Asset Management purchased a new position in Fidelity National Information Services in the fourth quarter worth about $3,958,000. SageView Advisory Group LLC lifted its stake in shares of Fidelity National Information Services by 1.5% in the fourth quarter. SageView Advisory Group LLC now owns 11,185 shares of the information technology services provider’s stock worth $903,000 after buying an additional 160 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $1,265,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $74.63 on Friday. The business has a 50-day moving average price of $71.36 and a 200-day moving average price of $79.79. The firm has a market cap of $39.53 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $0.94 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Robert W. Baird increased their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, April 4th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, UBS Group decreased their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $88.89.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares of the company’s stock, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through 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.