Silvercrest Asset Management Group LLC Has $100.35 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Silvercrest Asset Management Group LLC lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,242,404 shares of the information technology services provider's stock after selling 15,997 shares during the period. Silvercrest Asset Management Group LLC owned 0.23% of Fidelity National Information Services worth $100,349,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. R Squared Ltd bought a new position in Fidelity National Information Services in the 4th quarter valued at about $30,000. OFI Invest Asset Management bought a new position in Fidelity National Information Services in the 4th quarter valued at about $40,000. Grove Bank & Trust grew its position in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after buying an additional 399 shares in the last quarter. CoreCap Advisors LLC grew its position in Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after buying an additional 509 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position in Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after buying an additional 250 shares in 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 acquired 844 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FIS. Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Monday, April 21st. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a report on Wednesday, April 23rd. Compass Point cut their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Finally, Royal Bank of Canada cut their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus target price of $91.11.

Fidelity National Information Services Stock Up 1.4%

FIS traded up $1.13 during midday trading on Monday, hitting $80.99. 3,139,113 shares of the company's stock traded hands, compared to its average volume of 3,493,500. The company has a market cap of $42.55 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The stock's fifty day simple moving average is $74.69 and its 200-day simple moving average is $78.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The company's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. Fidelity National Information Services's payout ratio is presently 105.96%.

Fidelity National Information Services Company 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.