Hartford Investment Management Co. Decreases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Hartford Investment Management Co. lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,211 shares of the information technology services provider’s stock after selling 1,023 shares during the period. Hartford Investment Management Co.’s holdings in Fidelity National Information Services were worth $2,682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sage Private Wealth Group LLC raised its stake in shares of Fidelity National Information Services by 11.5% during the 4th quarter. Sage Private Wealth Group LLC now owns 3,920 shares of the information technology services provider’s stock worth $317,000 after buying an additional 404 shares during the last quarter. Peterson Wealth Services raised its stake in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Peterson Wealth Services now owns 20,937 shares of the information technology services provider’s stock worth $1,691,000 after buying an additional 776 shares during the last quarter. Summit Trail Advisors LLC raised its stake in shares of Fidelity National Information Services by 56.1% during the 4th quarter. Summit Trail Advisors LLC now owns 7,982 shares of the information technology services provider’s stock worth $645,000 after buying an additional 2,868 shares during the last quarter. Savant Capital LLC raised its stake in shares of Fidelity National Information Services by 2.9% during the 4th quarter. Savant Capital LLC now owns 34,857 shares of the information technology services provider’s stock worth $2,815,000 after buying an additional 966 shares during the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth $5,224,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of several research reports. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada cut their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. Wells Fargo & Company cut their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, UBS Group cut their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.95.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company’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 transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 0.8 %

Shares of NYSE:FIS opened at $72.59 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a 1 year low of $60.39 and a 1 year high of $91.98. The stock has a market capitalization of $39.08 billion, a P/E ratio of 28.92, a PEG ratio of 0.63 and a beta of 1.04. The stock has a 50-day simple moving average of $81.08 and a 200-day simple moving average of $82.94.

Fidelity National Information Services (NYSE:FIS) last issued 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 return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the previous year, the company posted $0.94 earnings per share. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued 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 dividend yield of 2.20%. 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 57.37%.

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.