CKW Financial Group Sells 300 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

CKW Financial Group cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,800 shares of the information technology services provider’s stock after selling 300 shares during the period. CKW Financial Group’s holdings in Fidelity National Information Services were worth $145,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FIS. Avanza Fonder AB purchased a new position in Fidelity National Information Services in the 4th quarter worth approximately $3,227,000. CENTRAL TRUST Co raised its position in shares of Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after buying an additional 10,452 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Fidelity National Information Services by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after acquiring an additional 112,842 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake 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 in the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in Fidelity National Information Services in the 4th quarter valued at $1,002,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $79.24 on Monday. Fidelity National Information Services, Inc. has a 52 week low of $60.39 and a 52 week high of $91.98. The company has a market capitalization of $42.66 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. The stock’s fifty day moving average is $82.18 and its two-hundred day moving average is $82.49. 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 posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FIS shares. Mizuho raised their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $104.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, January 22nd. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Finally, TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Company 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.