Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,242,404 shares of the information technology services provider’s stock after selling 15,997 shares during the period. Silvercrest Asset Management Group LLC owned about 0.23% of Fidelity National Information Services worth $100,349,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Investment Advisors LLC grew its holdings in Fidelity National Information Services by 5.3% during the 4th quarter. Capital Investment Advisors LLC now owns 3,054 shares of the information technology services provider’s stock valued at $247,000 after buying an additional 155 shares during the last quarter. Wedmont Private Capital lifted its holdings in Fidelity National Information Services by 6.8% in the 4th quarter. Wedmont Private Capital now owns 3,002 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 191 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after buying an additional 129 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Fidelity National Information Services by 122.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 44,750 shares of the information technology services provider’s stock valued at $3,614,000 after acquiring an additional 24,652 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its stake in Fidelity National Information Services by 30.5% in the fourth quarter. Kathmere Capital Management LLC now owns 5,615 shares of the information technology services provider’s stock valued at $454,000 after purchasing an additional 1,313 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $78.68 on Friday. 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, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The firm’s 50-day simple moving average is $74.46 and its 200-day simple moving average is $78.46. The firm has a market cap of $41.34 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $1.33 EPS. The business’s revenue was up 2.6% on a year-over-year basis. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FIS. Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, April 4th. Barclays dropped their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Finally, Oppenheimer upgraded shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 target price on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.11.

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.