McGlone Suttner Wealth Management Inc. Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

McGlone Suttner Wealth Management Inc. lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,493 shares of the information technology services provider’s stock after selling 159 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Fidelity National Information Services were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new stake in Fidelity National Information Services during the third quarter worth about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the second quarter worth about $30,000. Groupama Asset Managment increased its stake in shares of Fidelity National Information Services by 0.8% during 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 in the last quarter. Finally, Concord Wealth Partners lifted 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 purchasing an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer started coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. TD Cowen raised their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Robert W. Baird lifted their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley raised their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $79.23 on Friday. The stock has a market cap of $42.66 billion, a PE ratio of 31.57, a price-to-earnings-growth 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. The firm has a fifty day moving average price of $82.54 and a 200-day moving average price of $82.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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