Blackhawk Capital Partners LLC. Cuts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Blackhawk Capital Partners LLC. cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,973 shares of the information technology services provider’s stock after selling 520 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Fidelity National Information Services were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in Fidelity National Information Services by 6.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider’s stock worth $2,362,000 after acquiring an additional 1,620 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Fidelity National Information Services by 6,330.3% in the third quarter. International Assets Investment Management LLC now owns 20,770 shares of the information technology services provider’s stock worth $17,390,000 after purchasing an additional 20,447 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Fidelity National Information Services by 2.1% in the third quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock worth $1,683,000 after buying an additional 412 shares during the period. Dakota Wealth Management raised its holdings in Fidelity National Information Services by 2.3% during the 3rd quarter. Dakota Wealth Management now owns 10,371 shares of the information technology services provider’s stock valued at $869,000 after buying an additional 238 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Fidelity National Information Services by 10.4% during the 3rd quarter. Allworth Financial LP now owns 2,229 shares of the information technology services provider’s stock valued at $187,000 after buying an additional 210 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on FIS shares. Stephens lowered their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Robert W. Baird increased their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Royal Bank of Canada cut their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. Finally, Mizuho lifted their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.36.

Fidelity National Information Services Stock Down 0.7 %

Shares of Fidelity National Information Services stock opened at $69.38 on Tuesday. The company has a 50-day simple moving average of $78.42 and a two-hundred day simple moving average of $82.57. The stock has a market capitalization of $36.75 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52-week low of $62.63 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.94 EPS. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.31%. Fidelity National Information Services’s payout ratio is 61.30%.

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.