Long Road Investment Counsel LLC Sells 240 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Long Road Investment Counsel LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,198 shares of the information technology services provider’s stock after selling 240 shares during the period. Fidelity National Information Services accounts for 1.1% of Long Road Investment Counsel LLC’s holdings, making the stock its 27th biggest position. Long Road Investment Counsel LLC’s holdings in Fidelity National Information Services were worth $2,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after buying an additional 211,787 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth $451,458,000. The Manufacturers Life Insurance Company raised its holdings in shares of Fidelity National Information Services by 13.8% in the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after buying an additional 538,514 shares during the last quarter. FMR LLC raised its holdings in shares of Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after buying an additional 174,673 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after buying an additional 112,842 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS opened at $72.33 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $75.15 and its 200 day moving average price is $81.63. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The firm has a market capitalization of $38.31 billion, a PE ratio of 27.71, a PEG ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS 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. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 61.30%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIS. Wells Fargo & Company reduced 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 report on Wednesday, February 12th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $88.65.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

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.