M Holdings Securities Inc. Has $555,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

M Holdings Securities Inc. cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,346 shares of the information technology services provider’s stock after selling 254 shares during the quarter. M Holdings Securities Inc.’s holdings in Fidelity National Information Services were worth $555,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. increased its holdings in shares of Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 130 shares during the last quarter. Chilton Capital Management LLC acquired a new position in Fidelity National Information Services in the 2nd quarter valued at $43,000. American National Bank acquired a new position in Fidelity National Information Services in the 3rd quarter valued at $36,000. Neo Ivy Capital Management acquired a new position in Fidelity National Information Services in the 2nd quarter valued at $46,000. Finally, Covestor Ltd grew its holdings in Fidelity National Information Services by 102.2% in the 1st quarter. Covestor Ltd now owns 641 shares of the information technology services provider’s stock valued at $64,000 after buying an additional 324 shares in the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 3.3 %

FIS opened at $51.57 on Thursday. Fidelity National Information Services, Inc. has a fifty-two week low of $49.64 and a fifty-two week high of $106.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $30.53 billion, a price-to-earnings ratio of -1.83, a PEG ratio of 0.93 and a beta of 0.84. The company’s 50 day moving average price is $68.38 and its two-hundred day moving average price is $72.52.

Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its earnings results on Monday, February 13th. The information technology services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.01. Fidelity National Information Services had a negative net margin of 115.07% and a positive return on equity of 9.71%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the firm posted $1.92 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.88 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a $0.52 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, March 9th. Fidelity National Information Services’s dividend payout ratio is currently -7.37%.

Insider Activity

In other news, CFO Erik D. Hoag sold 5,658 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $63.88, for a total value of $361,433.04. Following the sale, the chief financial officer now directly owns 16,368 shares of the company’s stock, valued at approximately $1,045,587.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Erik D. Hoag sold 5,658 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $63.88, for a total transaction of $361,433.04. Following the transaction, the chief financial officer now owns 16,368 shares in the company, valued at approximately $1,045,587.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey E. Stiefler bought 2,243 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were bought at an average price of $66.88 per share, for a total transaction of $150,011.84. Following the transaction, the director now directly owns 3,343 shares in the company, valued at $223,579.84. The disclosure for this purchase can be found here. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FIS shares. Truist Financial decreased their price objective on Fidelity National Information Services from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, February 14th. TheStreet lowered Fidelity National Information Services from a “c” rating to a “d” rating in a report on Monday, February 13th. Wells Fargo & Company decreased their price target on Fidelity National Information Services from $67.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 14th. UBS Group cut their price objective on shares of Fidelity National Information Services from $86.00 to $78.00 in a research report on Tuesday, February 14th. Finally, Robert W. Baird reduced their price objective on shares of Fidelity National Information Services from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 14th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $91.17.

Fidelity National Information Services Profile

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Fidelity National Information Services, Inc engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.