Cetera Advisor Networks LLC Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cetera Advisor Networks LLC lessened its position in Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,475 shares of the information technology services provider’s stock after selling 21,336 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Fidelity National Information Services were worth $8,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Annex Advisory Services LLC lifted its position in shares of Fidelity National Information Services by 1.8% in the fourth quarter. Annex Advisory Services LLC now owns 30,492 shares of the information technology services provider’s stock valued at $1,832,000 after acquiring an additional 530 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Fidelity National Information Services by 220.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 83,776 shares of the information technology services provider’s stock valued at $5,032,000 after purchasing an additional 57,665 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Fidelity National Information Services by 8.8% in the fourth quarter. Rafferty Asset Management LLC now owns 216,340 shares of the information technology services provider’s stock valued at $12,996,000 after purchasing an additional 17,546 shares during the last quarter. NEOS Investment Management LLC increased its holdings in shares of Fidelity National Information Services by 40.5% in the fourth quarter. NEOS Investment Management LLC now owns 8,373 shares of the information technology services provider’s stock valued at $503,000 after purchasing an additional 2,415 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Information Services by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 420,507 shares of the information technology services provider’s stock valued at $25,260,000 after purchasing an additional 8,428 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Trading Up 1.5 %

NYSE:FIS opened at $77.53 on Friday. The firm has a market cap of $43.13 billion, a PE ratio of -7.58, a price-to-earnings-growth ratio of 0.78 and a beta of 1.05. The stock has a fifty day moving average price of $73.55 and a 200 day moving average price of $66.73. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FISGet Free Report) last released its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. Fidelity National Information Services’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.96 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its board has authorized a stock buyback plan on Monday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Thursday, April 11th. Barclays increased their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Mizuho raised their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. UBS Group raised 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. Finally, Wedbush reissued an “outperform” rating and set a $75.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.74.

Get Our Latest Research Report on Fidelity National Information Services

Fidelity National Information Services Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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