Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 26.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,820 shares of the information technology services provider’s stock after selling 996 shares during the period. Perigon Wealth Management LLC’s holdings in Fidelity National Information Services were worth $222,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services during the 3rd quarter valued at $28,000. Concord Wealth Partners lifted its holdings in shares of 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 acquiring an additional 146 shares in the last quarter. Morse Asset Management Inc acquired a new position in Fidelity National Information Services in the 3rd quarter worth $37,000. Finally, Grove Bank & Trust raised its stake in shares of Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 399 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm’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 directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction dated 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 purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade 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 Price Performance

Shares of NYSE FIS opened at $81.88 on Tuesday. The company has a fifty day moving average price of $81.65 and a 200 day moving average price of $82.66. Fidelity National Information Services, Inc. has a 1-year low of $60.39 and a 1-year high of $91.98. The firm has a market cap of $44.08 billion, a PE ratio of 32.62, a PEG ratio of 0.62 and a beta of 1.04. 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 (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. Research analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors 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 is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.95%. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Analysts Set New Price Targets

FIS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Mizuho raised their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Jefferies Financial Group increased their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. UBS Group lifted their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Susquehanna raised their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.