Cwm LLC Reduces Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cwm LLC lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 25.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,228 shares of the information technology services provider’s stock after selling 1,814 shares during the quarter. Cwm LLC’s holdings in Fidelity National Information Services were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in Fidelity National Information Services by 83.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 130 shares during the period. MV Capital Management Inc. increased its holdings in Fidelity National Information Services by 782.1% during the 2nd quarter. MV Capital Management Inc. now owns 344 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in Fidelity National Information Services by 159.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 356 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 219 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Fidelity National Information Services by 167.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 398 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 249 shares during the last quarter. Finally, American National Bank bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $69.28 on Friday. The stock has a 50 day moving average of $67.33 and a two-hundred day moving average of $81.60. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30. Fidelity National Information Services, Inc. has a 12 month low of $56.53 and a 12 month high of $122.06. The company has a market capitalization of $41.11 billion, a P/E ratio of 45.28, a P/E/G ratio of 0.88 and a beta of 0.81.

Fidelity National Information Services (NYSE:FISGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The information technology services provider reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.01). The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Information Services had a net margin of 6.47% and a return on equity of 9.01%. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 6.64 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Thursday, December 8th. Fidelity National Information Services’s payout ratio is 122.88%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FIS. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $98.00 to $90.00 in a research note on Monday, October 10th. Evercore ISI cut their price objective on Fidelity National Information Services to $95.00 in a report on Friday, December 2nd. UBS Group upped their price objective on Fidelity National Information Services from $85.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, December 15th. Morgan Stanley cut their price objective on Fidelity National Information Services from $85.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 4th. Finally, Oppenheimer lowered Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

Fidelity National Information Services Profile

(Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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

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