Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,903 shares of the information technology services provider’s stock after selling 464 shares during the period. Chesley Taft & Associates LLC’s holdings in Fidelity National Information Services were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew its position in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank acquired a new position in Fidelity National Information Services during the 3rd quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services in the 2nd quarter worth about $30,000. Groupama Asset Managment increased its stake in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares during the period. Finally, Concord Wealth Partners raised its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 0.3 %

Shares of FIS opened at $79.00 on Wednesday. The business’s 50-day moving average price is $82.92 and its 200 day moving average price is $82.36. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $42.53 billion, a P/E ratio of 31.47, a P/E/G ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1-year low of $59.90 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results 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. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost 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 in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Stephens raised their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Compass Point assumed coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price objective for the company. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price on the stock. Finally, TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $92.00.

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.