Ceera Investments LLC Cuts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Ceera Investments LLC decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,601 shares of the information technology services provider’s stock after selling 2,949 shares during the quarter. Fidelity National Information Services accounts for about 2.4% of Ceera Investments LLC’s investment portfolio, making the stock its 10th biggest position. Ceera Investments LLC’s holdings in Fidelity National Information Services were worth $7,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services during the third quarter worth $28,000. R Squared Ltd purchased a new stake in Fidelity National Information Services during the fourth quarter worth $30,000. Groupama Asset Managment lifted its holdings in Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after buying an additional 319 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in Fidelity National Information Services during the third quarter worth $37,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 1.5 %

Shares of NYSE FIS opened at $71.47 on Friday. The firm has a market cap of $37.86 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.23 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 52-week low of $66.72 and a 52-week high of $91.98. The business’s 50 day moving average is $76.36 and its two-hundred day moving average is $82.05.

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, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter last year, the company earned $0.94 EPS. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.24%. The ex-dividend date is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on FIS shares. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $88.65.

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.