Phoenix Wealth Advisors Sells 1,060 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Phoenix Wealth Advisors trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,726 shares of the information technology services provider’s stock after selling 1,060 shares during the period. Phoenix Wealth Advisors’ holdings in Fidelity National Information Services were worth $2,482,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FIS. American Century Companies Inc. increased its position in shares of Fidelity National Information Services by 94.7% in the second quarter. American Century Companies Inc. now owns 77,010 shares of the information technology services provider’s stock worth $5,803,000 after purchasing an additional 37,459 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Fidelity National Information Services by 520.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,591 shares of the information technology services provider’s stock valued at $271,000 after acquiring an additional 3,012 shares during the last quarter. Summit Trail Advisors LLC grew its position in Fidelity National Information Services by 23.8% during the second quarter. Summit Trail Advisors LLC now owns 4,484 shares of the information technology services provider’s stock valued at $338,000 after acquiring an additional 862 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in Fidelity National Information Services by 19,522.2% during the second quarter. Frank Rimerman Advisors LLC now owns 3,532 shares of the information technology services provider’s stock valued at $266,000 after acquiring an additional 3,514 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its position in Fidelity National Information Services by 68.9% during the second quarter. Mount Yale Investment Advisors LLC now owns 9,951 shares of the information technology services provider’s stock valued at $750,000 after acquiring an additional 4,061 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on FIS shares. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Royal Bank of Canada increased their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Mizuho increased their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Barclays increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $115.00 to $101.00 in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $79.00 on Wednesday. Fidelity National Information Services, Inc. has a 12 month low of $59.90 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 business has a fifty day simple moving average of $82.75 and a two-hundred day simple moving average of $82.39. The firm has a market capitalization of $42.53 billion, a P/E ratio of 31.47, a P/E/G ratio of 0.60 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the company earned $0.94 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. Fidelity National Information Services’s payout ratio is presently 57.37%.

About Fidelity National Information Services

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.