Fidelity National Information Services, Inc. $FIS Stock Position Decreased by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 38.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,183 shares of the information technology services provider’s stock after selling 12,698 shares during the period. Wealthfront Advisers LLC’s holdings in Fidelity National Information Services were worth $1,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. grew its position in Fidelity National Information Services by 21.9% in the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 150 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in shares of Fidelity National Information Services by 3.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after purchasing an additional 162 shares during the last quarter. FJ Capital Management LLC boosted its holdings in Fidelity National Information Services by 4.7% in the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 163 shares in the last quarter. Gratus Wealth Advisors LLC increased its position in Fidelity National Information Services by 1.4% during the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock worth $817,000 after buying an additional 170 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Fidelity National Information Services by 0.7% in the second quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock worth $1,981,000 after buying an additional 175 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FIS shares. Cantor Fitzgerald began coverage on Fidelity National Information Services in a report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price objective on the stock. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $70.00 price objective on shares of Fidelity National Information Services in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and a consensus target price of $78.33.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was purchased at an average price of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. The trade was a 6.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Trading Down 0.4%

Shares of FIS stock opened at $46.74 on Friday. The firm has a market capitalization of $24.20 billion, a P/E ratio of 173.11, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90. Fidelity National Information Services, Inc. has a 1 year low of $46.16 and a 1 year high of $82.74. The firm’s fifty day simple moving average is $61.62 and its 200 day simple moving average is $65.43. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.