BBR Partners LLC Has $542,000 Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

BBR Partners LLC cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,714 shares of the information technology services provider’s stock after selling 2,135 shares during the period. BBR Partners LLC’s holdings in Fidelity National Information Services were worth $542,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIS. Farther Finance Advisors LLC lifted its position in shares of Fidelity National Information Services by 8.1% during the third quarter. Farther Finance Advisors LLC now owns 3,408 shares of the information technology services provider’s stock worth $285,000 after purchasing an additional 254 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Fidelity National Information Services by 7.7% during the third quarter. QRG Capital Management Inc. now owns 41,548 shares of the information technology services provider’s stock worth $3,480,000 after purchasing an additional 2,983 shares in the last quarter. Graypoint LLC lifted its position in shares of Fidelity National Information Services by 4.6% during the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 132 shares in the last quarter. Montecito Bank & Trust lifted its position in shares of Fidelity National Information Services by 27.7% during the third quarter. Montecito Bank & Trust now owns 3,485 shares of the information technology services provider’s stock worth $292,000 after purchasing an additional 755 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Information Services during the third quarter worth approximately $94,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIS shares. Royal Bank of Canada reduced their target price on shares of 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. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. UBS Group dropped their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.65.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $70.41 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $66.72 and a 12 month high of $91.98. The firm has a fifty day simple moving average of $76.56 and a 200 day simple moving average of $82.07. The stock has a market capitalization of $37.30 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.23 and a beta of 1.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the previous year, the business earned $0.94 earnings per share. Research analysts forecast 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. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.27%. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.