Magnolia Capital Advisors LLC Sells 274 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Magnolia Capital Advisors LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,802 shares of the information technology services provider’s stock after selling 274 shares during the period. Magnolia Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $1,196,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FIS. Handelsbanken Fonder AB grew its stake in shares of Fidelity National Information Services by 11.6% in the third quarter. Handelsbanken Fonder AB now owns 192,609 shares of the information technology services provider’s stock worth $16,131,000 after purchasing an additional 19,983 shares during the last quarter. Czech National Bank grew its stake in shares of Fidelity National Information Services by 4.8% in the third quarter. Czech National Bank now owns 111,137 shares of the information technology services provider’s stock worth $9,308,000 after purchasing an additional 5,138 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Fidelity National Information Services by 18.3% in the third quarter. GAMMA Investing LLC now owns 11,868 shares of the information technology services provider’s stock worth $994,000 after purchasing an additional 1,838 shares during the last quarter. Azzad Asset Management Inc. ADV bought a new stake in shares of Fidelity National Information Services in the third quarter worth $570,000. Finally, Fulton Bank N.A. grew its stake in shares of Fidelity National Information Services by 7.2% in the third quarter. Fulton Bank N.A. now owns 8,379 shares of the information technology services provider’s stock worth $702,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired 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. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 0.8 %

Shares of FIS stock opened at $81.44 on Monday. Fidelity National Information Services, Inc. has a 52-week low of $60.39 and a 52-week high of $91.98. 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 company has a 50-day simple moving average of $81.65 and a two-hundred day simple moving average of $82.62. The company has a market capitalization of $43.84 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 0.62 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm earned $0.94 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is currently 63.75%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIS. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price on the stock. Jefferies Financial Group boosted their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley upped their price objective on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Finally, Compass Point started coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

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.