Meridian Wealth Advisors LLC Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Meridian Wealth Advisors LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,871 shares of the information technology services provider’s stock after selling 141 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in Fidelity National Information Services were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FIS. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services in the 4th quarter valued at about $451,458,000. KBC Group NV boosted its holdings in Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after purchasing an additional 1,101,072 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after purchasing an additional 562,154 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after purchasing an additional 538,514 shares during the last quarter. Finally, Boston Partners boosted its stake in Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after buying an additional 446,544 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Trading Down 1.4 %

Shares of Fidelity National Information Services stock opened at $73.38 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market cap of $38.87 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. The company has a 50-day moving average of $74.76 and a two-hundred day moving average of $81.40. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $0.94 earnings per share. On average, research analysts anticipate 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. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is presently 61.30%.

Analysts Set New Price Targets

FIS has been the subject of several research analyst reports. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Compass Point lowered their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. One 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 stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and an average price target of $88.65.

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.