Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 37.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,880 shares of the information technology services provider’s stock after selling 3,580 shares during the quarter. Bard Financial Services Inc.’s holdings in Fidelity National Information Services were worth $475,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIS. Larson Financial Group LLC grew its position in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $30,000. Groupama Asset Managment lifted its position in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the period. Finally, Concord Wealth Partners boosted its stake in 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 valued at $37,000 after purchasing an additional 146 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research analyst reports. Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen boosted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Barclays raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada upped their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $92.19.

Fidelity National Information Services Stock Down 0.9 %

FIS stock traded down $0.71 during midday trading on Monday, reaching $79.55. The company had a trading volume of 1,153,898 shares, compared to its average volume of 1,454,949. The company has a 50 day moving average of $85.15 and a two-hundred day moving average of $82.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 1 year low of $58.24 and a 1 year high of $91.98. The company has a market capitalization of $42.83 billion, a P/E ratio of 31.69, a PEG ratio of 0.72 and a beta of 1.04.

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

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company 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.