Transcend Capital Advisors LLC Sells 1,602 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Transcend Capital Advisors LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 29.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,769 shares of the information technology services provider’s stock after selling 1,602 shares during the period. Transcend Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $304,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in Fidelity National Information Services by 94.1% in the 3rd 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 during the period. Kennebec Savings Bank bought a new stake in Fidelity National Information Services in the 3rd quarter valued at $28,000. R Squared Ltd bought a new stake in Fidelity National Information Services in the 4th quarter valued at $30,000. Groupama Asset Managment boosted its holdings in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares during the period. Finally, Concord Wealth Partners boosted its holdings in Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares during the period. 96.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on FIS shares. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Stephens dropped their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley dropped their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Compass Point dropped their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Barclays dropped their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.36.

Fidelity National Information Services Trading Up 0.1 %

FIS opened at $69.95 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $37.05 billion, a PE ratio of 26.80, a PEG ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1-year low of $62.63 and a 1-year high of $91.98. The firm has a 50-day moving average price of $78.69 and a two-hundred day moving average price of $82.62.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 period in the previous year, the firm posted $0.94 earnings per share. As a group, equities analysts anticipate 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 will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.29%. The ex-dividend date is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 55.17%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

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.