ERn Financial LLC Reduces Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

ERn Financial LLC decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,900 shares of the information technology services provider’s stock after selling 255 shares during the quarter. ERn Financial LLC’s holdings in Fidelity National Information Services were worth $477,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FIS. Larson Financial Group LLC boosted its holdings in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in Fidelity National Information Services in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $30,000. Concord Wealth Partners raised its position in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $37,000. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday. They set an “equal weight” rating and a $88.00 price objective on the stock. Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Susquehanna lifted their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Stock Performance

FIS stock opened at $78.20 on Thursday. The stock has a market cap of $42.10 billion, a P/E ratio of 31.16, a P/E/G ratio of 0.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50 day simple moving average of $83.63 and a 200 day simple moving average of $82.27. Fidelity National Information Services, Inc. has a 52 week low of $58.24 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the company posted $0.94 EPS. Fidelity National Information Services’s revenue was up 3.1% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.36 dividend. 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 1.84%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Buying and Selling

In related news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on 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 directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate 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.