Twin City Private Wealth LLC Has $980,000 Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Twin City Private Wealth LLC lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,136 shares of the information technology services provider’s stock after selling 271 shares during the period. Twin City Private Wealth LLC’s holdings in Fidelity National Information Services were worth $980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services during the fourth quarter valued at $451,458,000. KBC Group NV boosted its position in Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after purchasing an additional 1,101,072 shares during the last quarter. Nordea Investment Management AB boosted its position in Fidelity National Information Services by 1,304.8% during the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after purchasing an additional 562,154 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after purchasing an additional 538,514 shares during the last quarter. Finally, Boston Partners boosted its position in Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FIS. Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Stephens reduced their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Compass Point cut their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Barclays cut their target price on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley cut their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock 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 issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $88.65.

Fidelity National Information Services Stock Down 1.4 %

NYSE FIS opened at $73.38 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average is $74.76 and its two-hundred day moving average is $81.39. The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

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 for the quarter, beating 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 in the prior year, the business earned $0.94 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value 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. The trade was a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

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.