Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,211 shares of the information technology services provider’s stock after selling 1,023 shares during the quarter. Hartford Investment Management Co.’s holdings in Fidelity National Information Services were worth $2,682,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FIS. Larson Financial Group LLC raised its holdings in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Fidelity National Information Services in the third quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Groupama Asset Managment raised its holdings in 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 acquiring an additional 319 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Compass Point reduced their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their target price for the company from $103.00 to $81.00 in a report on Wednesday. Jefferies Financial Group raised their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company cut their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.95.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s 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 transaction, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $72.59 on Thursday. The company’s 50 day simple moving average is $81.08 and its 200-day simple moving average is $82.94. Fidelity National Information Services, Inc. has a 12-month low of $60.39 and a 12-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 firm has a market cap of $39.08 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same period last year, the business posted $0.94 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

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.