Value Holdings Management CO. LLC Reduces Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Value Holdings Management CO. LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 171,000 shares of the information technology services provider’s stock after selling 14,000 shares during the period. Fidelity National Information Services comprises approximately 2.4% of Value Holdings Management CO. LLC’s portfolio, making the stock its 17th biggest holding. Value Holdings Management CO. LLC’s holdings in Fidelity National Information Services were worth $13,812,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in Fidelity National Information Services by 94.7% during the 2nd quarter. American Century Companies Inc. now owns 77,010 shares of the information technology services provider’s stock valued at $5,803,000 after purchasing an additional 37,459 shares during the period. Federated Hermes Inc. raised its holdings in shares of Fidelity National Information Services by 12.8% during the second quarter. Federated Hermes Inc. now owns 37,344 shares of the information technology services provider’s stock valued at $2,814,000 after acquiring an additional 4,246 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Fidelity National Information Services by 4.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 35,390 shares of the information technology services provider’s stock valued at $2,675,000 after acquiring an additional 1,506 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Fidelity National Information Services by 9.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,559 shares of the information technology services provider’s stock valued at $720,000 after purchasing an additional 846 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Fidelity National Information Services by 10.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,089 shares of the information technology services provider’s stock valued at $2,490,000 after acquiring an additional 3,150 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.01 during trading on Friday, hitting $78.70. 3,149,968 shares of the company were exchanged, compared to its average volume of 2,263,666. The company has a market capitalization of $42.37 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 0.59 and a beta of 1.04. 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, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98. The business’s 50 day moving average is $83.31 and its 200-day moving average is $82.22.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data 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 business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities analysts forecast 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. Investors of record on Monday, December 9th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Analyst Upgrades and Downgrades

FIS has been the topic of several research reports. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a research report on Tuesday. They set an “equal weight” rating and a $88.00 price target on the stock. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada upped their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Compass Point assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey A. Goldstein acquired 701 shares of the business’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 purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

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.