Envestnet Asset Management Inc. Has $61.95 Million Holdings in Fidelity National Information Services, Inc. $FIS

Envestnet Asset Management Inc. decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 44.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 939,504 shares of the information technology services provider’s stock after selling 750,706 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of Fidelity National Information Services worth $61,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $347,000. Geneos Wealth Management Inc. lifted its stake in Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 431 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter worth about $302,000. US Bancorp DE grew its stake in Fidelity National Information Services by 7.9% during the 2nd quarter. US Bancorp DE now owns 59,029 shares of the information technology services provider’s stock valued at $4,806,000 after acquiring an additional 4,335 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Fidelity National Information Services by 6.0% in the 2nd quarter. IFP Advisors Inc now owns 4,439 shares of the information technology services provider’s stock valued at $361,000 after purchasing an additional 250 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research reports. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $70.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, January 15th. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Jefferies Financial Group cut their price target on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Finally, Cantor Fitzgerald started coverage on Fidelity National Information Services in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $79.53.

Fidelity National Information Services Stock Down 2.6%

Shares of FIS stock opened at $50.59 on Tuesday. The stock’s 50 day simple moving average is $63.06 and its 200 day simple moving average is $66.27. Fidelity National Information Services, Inc. has a twelve month low of $50.22 and a twelve month high of $83.71. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $26.20 billion, a price-to-earnings ratio of 187.37, a PEG ratio of 0.77 and a beta of 0.91.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.44 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 annualized dividend and a yield of 3.5%. Fidelity National Information Services’s payout ratio is 592.59%.

Fidelity National Information Services Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.