Empirical Finance LLC Sells 275 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Empirical Finance LLC trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,788 shares of the information technology services provider’s stock after selling 275 shares during the quarter. Empirical Finance LLC’s holdings in Fidelity National Information Services were worth $1,598,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FIS. Mather Group LLC. raised its holdings in shares of Fidelity National Information Services by 19.3% during the 3rd quarter. Mather Group LLC. now owns 1,710 shares of the information technology services provider’s stock worth $143,000 after acquiring an additional 277 shares in the last quarter. CWM LLC raised its stake in Fidelity National Information Services by 87.8% during the third quarter. CWM LLC now owns 24,962 shares of the information technology services provider’s stock valued at $2,091,000 after purchasing an additional 11,668 shares in the last quarter. Wedmont Private Capital purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth $237,000. UMB Bank n.a. increased its holdings in shares of Fidelity National Information Services by 40.9% in the 3rd quarter. UMB Bank n.a. now owns 2,683 shares of the information technology services provider’s stock worth $225,000 after buying an additional 779 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Fidelity National Information Services by 361.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,723 shares of the information technology services provider’s stock valued at $396,000 after buying an additional 3,700 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

NYSE FIS opened at $83.41 on Monday. The stock’s fifty day moving average price is $81.38 and its 200 day moving average price is $82.85. Fidelity National Information Services, Inc. has a 1 year low of $60.39 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $44.90 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 0.63 and a beta of 1.04.

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 issued a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.92%. Fidelity National Information Services’s payout ratio is 57.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FIS shares. Morgan Stanley boosted their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Susquehanna boosted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Jefferies Financial Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Mizuho increased their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $92.00.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following 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 position. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

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.