Yousif Capital Management LLC Reduces Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Yousif Capital Management LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,304 shares of the information technology services provider’s stock after selling 3,837 shares during the period. Yousif Capital Management LLC’s holdings in Fidelity National Information Services were worth $5,678,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $2,593,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services during the fourth quarter worth $3,227,000. Princeton Global Asset Management LLC acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth $2,313,000. CENTRAL TRUST Co boosted its stake 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 acquiring an additional 10,452 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth about $347,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.6 %

NYSE:FIS opened at $82.77 on Friday. The stock has a 50-day simple moving average of $81.47 and a 200 day simple moving average of $82.74. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The company has a market capitalization of $44.56 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. Fidelity National Information Services’s payout ratio is 63.75%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price target for the company. UBS Group lifted their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Barclays upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley lifted their price target on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Buying and Selling

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’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 completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

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.