Bremer Bank National Association Reduces Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Bremer Bank National Association lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,917 shares of the information technology services provider’s stock after selling 1,581 shares during the quarter. Bremer Bank National Association’s holdings in Fidelity National Information Services were worth $4,516,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in Fidelity National Information Services by 5.4% during the 4th quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider’s stock valued at $228,000 after acquiring an additional 144 shares during the period. Grove Bank & Trust boosted its holdings in Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 399 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in Fidelity National Information Services by 23.4% during the 4th quarter. Aaron Wealth Advisors LLC now owns 3,291 shares of the information technology services provider’s stock valued at $266,000 after acquiring an additional 625 shares during the period. Bowman & Co S.C. raised its position in Fidelity National Information Services by 16.0% during the 4th quarter. Bowman & Co S.C. now owns 16,356 shares of the information technology services provider’s stock valued at $1,322,000 after purchasing an additional 2,256 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in Fidelity National Information Services by 7.4% during the 4th quarter. HB Wealth Management LLC now owns 61,692 shares of the information technology services provider’s stock valued at $4,982,000 after purchasing an additional 4,246 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Mizuho lifted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price for the company. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Insider Transactions at Fidelity National Information Services

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

Fidelity National Information Services Stock Down 0.0 %

Fidelity National Information Services stock opened at $78.70 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50-day simple moving average is $83.12 and its two-hundred day simple moving average is $82.30. The company has a market cap of $42.37 billion, a PE ratio of 31.35, a PEG ratio of 0.59 and a beta of 1.04. Fidelity National Information Services, Inc. has a fifty-two week low of $58.24 and a fifty-two week high of $91.98.

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

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.83%. Fidelity National Information Services’s payout ratio is presently 57.37%.

About Fidelity National Information Services

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.