Vontobel Holding Ltd. Sells 11,759 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Vontobel Holding Ltd. decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,746 shares of the information technology services provider’s stock after selling 11,759 shares during the quarter. Vontobel Holding Ltd.’s holdings in Fidelity National Information Services were worth $3,769,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services in the third quarter worth $25,000. Baystate Wealth Management LLC grew its stake in shares of Fidelity National Information Services by 332.1% in the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 372 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Fidelity National Information Services by 83.3% in the first 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. BKM Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth $35,000. Finally, Clear Street Markets LLC grew its stake in shares of Fidelity National Information Services by 59,900.0% in the fourth quarter. Clear Street Markets LLC now owns 600 shares of the information technology services provider’s stock worth $41,000 after acquiring an additional 599 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 0.5 %

Shares of FIS opened at $70.35 on Thursday. The business’s 50 day moving average is $68.87 and its 200 day moving average is $61.11. The company has a market capitalization of $40.55 billion, a PE ratio of -6.26, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $74.75. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 EPS. Research analysts expect that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has initiated a share buyback plan on Monday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group increased their target price on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Evercore ISI increased their price objective on Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Bank of America increased their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Finally, The Goldman Sachs Group started coverage on Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.59.

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.