Nilsine Partners LLC Has $210,000 Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Nilsine Partners LLC lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 47.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,832 shares of the information technology services provider’s stock after selling 2,516 shares during the period. Nilsine Partners LLC’s holdings in Fidelity National Information Services were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FIS. AE Wealth Management LLC grew its position in shares of Fidelity National Information Services by 34.5% during the 3rd quarter. AE Wealth Management LLC now owns 11,680 shares of the information technology services provider’s stock worth $646,000 after purchasing an additional 2,994 shares in the last quarter. Czech National Bank boosted its position in shares of Fidelity National Information Services by 47.7% during the 3rd quarter. Czech National Bank now owns 103,550 shares of the information technology services provider’s stock worth $5,723,000 after acquiring an additional 33,418 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Fidelity National Information Services by 0.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 212,170 shares of the information technology services provider’s stock worth $11,727,000 after acquiring an additional 600 shares in the last quarter. Clarius Group LLC boosted its position in shares of Fidelity National Information Services by 43.8% during the 3rd quarter. Clarius Group LLC now owns 5,633 shares of the information technology services provider’s stock worth $311,000 after acquiring an additional 1,717 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $254,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 2.2 %

Shares of FIS stock traded down $1.55 during trading hours on Tuesday, hitting $67.89. 4,536,506 shares of the company’s stock traded hands, compared to its average volume of 4,416,464. The stock’s 50 day simple moving average is $70.25 and its 200 day simple moving average is $62.25. The stock has a market cap of $39.14 billion, a PE ratio of -6.04, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business earned $1.71 EPS. Fidelity National Information Services’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Fidelity National Information Services announced that its board has approved a share repurchase program on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FIS. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Morgan Stanley increased their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Evercore ISI raised their target price on shares of Fidelity National Information Services from $62.00 to $75.00 and gave the company an “in-line” rating in a research report on Tuesday. Mizuho raised their target price on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, UBS Group raised their target price on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 775 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is owned by insiders.

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.