Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,265 shares of the information technology services provider’s stock after selling 4,168 shares during the quarter. Fidelity National Information Services comprises about 2.2% of Crescent Grove Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Crescent Grove Advisors LLC’s holdings in Fidelity National Information Services were worth $21,749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIS. Avanza Fonder AB acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $3,227,000. CENTRAL TRUST Co raised its position in shares of Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after buying an additional 10,452 shares during the period. Franklin Resources Inc. boosted its holdings in Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after acquiring an additional 112,842 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Fidelity National Information Services by 51.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock valued at $6,344,000 after acquiring an additional 25,701 shares during the period. Finally, Miracle Mile Advisors LLC acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $1,002,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of a number of recent research reports. Compass Point initiated coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target on the stock. Barclays lifted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. UBS Group increased their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company began coverage on Fidelity National Information Services in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price 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 that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $79.24 on Friday. The stock has a market cap of $42.66 billion, a P/E ratio of 31.57, a P/E/G ratio of 0.60 and a beta of 1.04. The firm’s 50-day simple moving average is $82.18 and its 200 day simple moving average is $82.37. Fidelity National Information Services, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the business posted $0.94 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

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.