Alliancebernstein L.P. Sells 16,671 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Alliancebernstein L.P. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 665,832 shares of the information technology services provider’s stock after selling 16,671 shares during the quarter. Alliancebernstein L.P.’s holdings in Fidelity National Information Services were worth $53,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FIS. Captrust Financial Advisors grew its holdings in Fidelity National Information Services by 12.5% during the third quarter. Captrust Financial Advisors now owns 31,985 shares of the information technology services provider’s stock valued at $2,679,000 after purchasing an additional 3,543 shares during the period. Benjamin Edwards Inc. bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth $308,000. Hilltop Holdings Inc. purchased a new stake in Fidelity National Information Services in the 3rd quarter worth about $263,000. HighTower Advisors LLC raised its stake in Fidelity National Information Services by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 127,609 shares of the information technology services provider’s stock valued at $10,684,000 after acquiring an additional 2,363 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in Fidelity National Information Services by 7.3% during the third quarter. Integrated Wealth Concepts LLC now owns 9,908 shares of the information technology services provider’s stock valued at $830,000 after purchasing an additional 677 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 6.2 %

Shares of FIS stock opened at $69.90 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market cap of $37.02 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The business has a 50-day moving average price of $73.84 and a two-hundred day moving average price of $80.78. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the business posted $0.94 earnings per share. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FIS shares. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group dropped their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Compass Point dropped their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.05.

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.