Invesco LLC Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Invesco LLC trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,764 shares of the information technology services provider’s stock after selling 1,193 shares during the quarter. Invesco LLC’s holdings in Fidelity National Information Services were worth $304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth $28,000. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Fidelity National Information Services during the second quarter worth $30,000. Finally, Concord Wealth Partners grew its position in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Up 0.2 %

FIS traded up $0.16 on Wednesday, reaching $80.52. The company’s stock had a trading volume of 89,131 shares, compared to its average volume of 2,205,371. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $81.92 and a two-hundred day moving average of $82.56. The company has a market capitalization of $43.35 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 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 analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FIS shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $104.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, January 22nd. Wells Fargo & Company started coverage on Fidelity National Information Services in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price objective for the company. Stephens upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the 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 sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

About Fidelity National Information Services

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.