Wealth Enhancement Advisory Services LLC Cuts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,738 shares of the information technology services provider's stock after selling 7,126 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Fidelity National Information Services were worth $7,747,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at $347,000. Atria Wealth Solutions Inc. lifted its position in shares of Fidelity National Information Services by 14.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,928 shares of the information technology services provider's stock valued at $640,000 after acquiring an additional 1,022 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Fidelity National Information Services by 13.8% in the fourth quarter. Wealthspire Advisors LLC now owns 5,438 shares of the information technology services provider's stock worth $439,000 after acquiring an additional 658 shares during the period. Howard Capital Management Inc. grew its position in shares of Fidelity National Information Services by 7.6% during the fourth quarter. Howard Capital Management Inc. now owns 3,791 shares of the information technology services provider's stock worth $306,000 after purchasing an additional 267 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Fidelity National Information Services by 2.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,417 shares of the information technology services provider's stock valued at $8,030,000 after purchasing an additional 2,600 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a research note on Wednesday, April 23rd. Stephens lifted their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their price objective for the company from $79.00 to $86.00 in a report on Monday, April 21st. Finally, UBS Group lifted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $90.75.

Fidelity National Information Services Trading Down 1.5%

Shares of FIS traded down $1.24 during midday trading on Wednesday, hitting $80.89. The stock had a trading volume of 2,700,077 shares, compared to its average volume of 3,357,976. The stock's 50 day moving average is $78.94 and its 200 day moving average is $77.06. The firm has a market cap of $42.50 billion, a PE ratio of 53.57, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $1.33 EPS. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company's stock.

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.