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

ORG Wealth Partners LLC reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 46.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,260 shares of the information technology services provider’s stock after selling 1,092 shares during the quarter. ORG Wealth Partners LLC’s holdings in Fidelity National Information Services were worth $102,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Fidelity National Information Services by 7.8% in the second quarter. Victory Capital Management Inc. now owns 191,768 shares of the information technology services provider’s stock valued at $14,452,000 after buying an additional 13,938 shares during the last quarter. Private Advisor Group LLC raised its stake in Fidelity National Information Services by 3.7% in the second quarter. Private Advisor Group LLC now owns 24,207 shares of the information technology services provider’s stock valued at $1,824,000 after buying an additional 859 shares during the last quarter. Acadian Asset Management LLC raised its stake in Fidelity National Information Services by 885.9% in the second quarter. Acadian Asset Management LLC now owns 20,565 shares of the information technology services provider’s stock valued at $1,548,000 after buying an additional 18,479 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Fidelity National Information Services in the second quarter valued at about $94,000. Finally, PFG Investments LLC raised its stake in Fidelity National Information Services by 7.8% in the second quarter. PFG Investments LLC now owns 3,470 shares of the information technology services provider’s stock valued at $261,000 after buying an additional 252 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIS. Royal Bank of Canada increased their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Compass Point assumed coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price objective on the stock. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Finally, TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $92.19.

Fidelity National Information Services Stock Down 2.7 %

Shares of FIS opened at $77.20 on Friday. 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 12 month low of $58.24 and a 12 month high of $91.98. The stock’s 50 day moving average is $84.01 and its two-hundred day moving average is $82.12. The firm has a market cap of $41.56 billion, a P/E ratio of 30.76, a PEG ratio of 0.72 and a beta of 1.04.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services 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.