RMR Wealth Builders Trims Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)


Share on StockTwits

RMR Wealth Builders trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 65.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 532 shares of the information technology services provider’s stock after selling 1,028 shares during the quarter. RMR Wealth Builders’ holdings in Fidelity National Information Services were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FIS. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Fidelity National Information Services by 3,291.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,916,383 shares of the information technology services provider’s stock valued at $576,531,000 after purchasing an additional 3,800,900 shares in the last quarter. Alps Advisors Inc. grew its position in shares of Fidelity National Information Services by 39,935.4% during the 3rd quarter. Alps Advisors Inc. now owns 2,529,437 shares of the information technology services provider’s stock valued at $4,018,000 after purchasing an additional 2,523,119 shares in the last quarter. CI Investments Inc. grew its position in shares of Fidelity National Information Services by 517.7% during the 3rd quarter. CI Investments Inc. now owns 924,835 shares of the information technology services provider’s stock valued at $136,145,000 after purchasing an additional 775,104 shares in the last quarter. Crescent Grove Advisors LLC grew its position in shares of Fidelity National Information Services by 127.5% during the 4th quarter. Crescent Grove Advisors LLC now owns 1,346,778 shares of the information technology services provider’s stock valued at $190,515,000 after purchasing an additional 754,782 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Fidelity National Information Services by 1.8% during the 4th quarter. BlackRock Inc. now owns 43,071,431 shares of the information technology services provider’s stock valued at $6,092,884,000 after purchasing an additional 742,490 shares in the last quarter. Institutional investors and hedge funds own 90.53% of the company’s stock.

In other Fidelity National Information Services news, insider Martin Boyd sold 28,715 shares of the company’s stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $142.69, for a total value of $4,097,343.35. Following the sale, the insider now owns 23,605 shares in the company, valued at $3,368,197.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christopher A. Thompson sold 1,591 shares of the company’s stock in a transaction dated Tuesday, January 5th. The stock was sold at an average price of $139.70, for a total transaction of $222,262.70. 0.70% of the stock is owned by insiders.

Shares of NYSE FIS opened at $135.53 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $91.68 and a 1 year high of $156.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. The company’s 50-day moving average is $131.97 and its 200 day moving average is $141.14. The stock has a market capitalization of $84.10 billion, a P/E ratio of -752.94, a P/E/G ratio of 1.32 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, February 8th. The information technology services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. Fidelity National Information Services had a negative net margin of 0.83% and a positive return on equity of 6.88%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company earned $1.57 earnings per share. Fidelity National Information Services’s quarterly revenue was down .8% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current year.

Fidelity National Information Services announced that its board has approved a share buyback plan on Monday, February 1st that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the information technology services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, March 11th. This represents a $1.56 annualized dividend and a dividend yield of 1.15%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.35. Fidelity National Information Services’s payout ratio is currently 24.96%.

A number of analysts have recently issued reports on FIS shares. Morgan Stanley lifted their price objective on shares of Fidelity National Information Services from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 27th. Rosenblatt Securities lifted their price objective on shares of Fidelity National Information Services from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, February 10th. Oppenheimer dropped their price objective on shares of Fidelity National Information Services from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, February 2nd. Cowen lifted their price objective on shares of Fidelity National Information Services from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 10th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Fidelity National Information Services in a report on Wednesday, January 27th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $159.27.

About Fidelity National Information Services

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

Featured Article: Convertible Shares

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS).

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

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.