Sound View Wealth Advisors Group LLC Reduces Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Sound View Wealth Advisors Group LLC cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,097 shares of the information technology services provider’s stock after selling 288 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Fidelity National Information Services were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its stake in shares of Fidelity National Information Services by 15,400.0% during the fourth quarter. AlphaQuest LLC now owns 1,550 shares of the information technology services provider’s stock valued at $125,000 after acquiring an additional 1,540 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services during the 4th quarter worth approximately $40,000. Barings LLC raised its position in shares of Fidelity National Information Services by 12.0% in the 4th quarter. Barings LLC now owns 16,943 shares of the information technology services provider’s stock valued at $1,368,000 after purchasing an additional 1,819 shares in the last quarter. Banco Santander S.A. raised its position in shares of Fidelity National Information Services by 67.0% in the 4th quarter. Banco Santander S.A. now owns 5,291 shares of the information technology services provider’s stock valued at $427,000 after purchasing an additional 2,123 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $97,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the topic of several recent analyst reports. Royal Bank of Canada cut their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Barclays cut their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. UBS Group decreased their price target on 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. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company decreased their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus price target of $88.65.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated 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 purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS stock opened at $71.29 on Tuesday. The company has a 50-day simple moving average of $76.17 and a 200 day simple moving average of $82.01. The company has a market capitalization of $37.76 billion, a P/E ratio of 27.31, a PEG ratio of 1.23 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a fifty-two week low of $66.72 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $0.94 earnings per share. Sell-side analysts predict 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

About Fidelity National Information Services

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.