Cantor Fitzgerald Investment Advisors L.P. Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cantor Fitzgerald Investment Advisors L.P. trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 25.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 140,380 shares of the information technology services provider’s stock after selling 47,376 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Fidelity National Information Services were worth $11,338,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Fidelity National Information Services by 2.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,461 shares of the information technology services provider’s stock worth $4,964,000 after purchasing an additional 1,243 shares during the period. Strategic Financial Concepts LLC bought a new stake in Fidelity National Information Services in the 4th quarter valued at $8,343,000. GHP Investment Advisors Inc. lifted its stake in Fidelity National Information Services by 2.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 26,195 shares of the information technology services provider’s stock worth $2,116,000 after purchasing an additional 603 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Fidelity National Information Services by 1.0% during the 4th quarter. Bleakley Financial Group LLC now owns 121,889 shares of the information technology services provider’s stock valued at $9,845,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Meritage Portfolio Management bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $4,634,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FIS shares. Jefferies Financial Group raised their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Mizuho lifted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average target price of $92.00.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $83.41 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $60.39 and a twelve month high of $91.98. 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 fifty day simple moving average of $81.41 and a two-hundred day simple moving average of $82.74. The stock has a market capitalization of $44.90 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 0.62 and a beta of 1.04.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. Fidelity National Information Services’s dividend payout ratio (DPR) 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.