Oppenheimer Asset Management Inc. Has $7.17 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Oppenheimer Asset Management Inc. trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 21.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,781 shares of the information technology services provider’s stock after selling 24,780 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fidelity National Information Services were worth $7,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC grew its position in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $28,000. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $30,000. Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $37,000. Finally, Grove Bank & Trust grew its holdings in shares of Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 399 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FIS. Morgan Stanley decreased their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Barclays reduced their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $71.19 on Friday. The stock has a 50-day simple moving average of $77.49 and a 200 day simple moving average of $82.30. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12-month low of $66.71 and a 12-month high of $91.98. The stock has a market capitalization of $37.71 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 1.23 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the company earned $0.94 earnings per share. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

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.