Financial Counselors Inc. Sells 2,122 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Financial Counselors Inc. cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,956 shares of the information technology services provider’s stock after selling 2,122 shares during the quarter. Financial Counselors Inc.’s holdings in Fidelity National Information Services were worth $5,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the period. R Squared Ltd bought a new position in Fidelity National Information Services in the fourth quarter valued at about $30,000. Groupama Asset Managment boosted its position in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $37,000. Finally, OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $40,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.5 %

Shares of FIS opened at $74.54 on Thursday. 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 stock has a market capitalization of $39.48 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The business’s 50 day simple moving average is $74.51 and its 200-day simple moving average is $81.23.

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

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Compass Point reduced their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Barclays decreased their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.65.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.