Oarsman Capital Inc. Sells 1,714 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Oarsman Capital Inc. decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 62.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,048 shares of the information technology services provider’s stock after selling 1,714 shares during the quarter. Oarsman Capital Inc.’s holdings in Fidelity National Information Services were worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Benjamin Edwards Inc. acquired a new position in shares of Fidelity National Information Services in the 3rd quarter worth approximately $308,000. Hilltop Holdings Inc. acquired a new position in Fidelity National Information Services in the third quarter valued at $263,000. HighTower Advisors LLC grew its holdings in Fidelity National Information Services by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 127,609 shares of the information technology services provider’s stock worth $10,684,000 after acquiring an additional 2,363 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Fidelity National Information Services by 7.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,908 shares of the information technology services provider’s stock worth $830,000 after acquiring an additional 677 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its stake in shares of Fidelity National Information Services by 78.2% in the 3rd quarter. IHT Wealth Management LLC now owns 5,097 shares of the information technology services provider’s stock valued at $427,000 after purchasing an additional 2,236 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on 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. Stephens cut their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Finally, Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.05.

Fidelity National Information Services Price Performance

FIS opened at $69.90 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $37.02 billion, a P/E ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.06. The stock has a 50-day moving average price of $73.84 and a 200-day moving average price of $80.72. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the company earned $0.94 earnings per share. Equities analysts predict 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.29%. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate 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.