Fidelity National Information Services, Inc. $FIS Holdings Trimmed by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 75.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,360 shares of the information technology services provider’s stock after selling 13,056 shares during the period. Ameritas Advisory Services LLC’s holdings in Fidelity National Information Services were worth $288,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $624,858,000. Mizuho Markets Americas LLC boosted its holdings in shares of Fidelity National Information Services by 49.1% during the third quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock worth $303,929,000 after purchasing an additional 1,518,200 shares during the period. Boston Partners boosted its holdings in shares of Fidelity National Information Services by 10.5% during the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after purchasing an additional 1,122,181 shares during the period. AQR Capital Management LLC increased its stake in Fidelity National Information Services by 71.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock valued at $201,294,000 after buying an additional 1,037,100 shares during the period. Finally, River Road Asset Management LLC purchased a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $39,106,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FIS shares. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Cantor Fitzgerald initiated coverage on Fidelity National Information Services in a report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price target for the company. Stephens cut their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. JPMorgan Chase & Co. dropped their price target on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Compass Point reduced their price objective on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.33.

Fidelity National Information Services Price Performance

NYSE FIS opened at $46.74 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $46.16 and a 1 year high of $82.74. The company has a fifty day simple moving average of $61.24 and a 200 day simple moving average of $65.10. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64. The company has a market cap of $24.20 billion, a P/E ratio of 173.11, a P/E/G ratio of 0.70 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 given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.8%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 941 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were acquired at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the transaction, the director owned 14,529 shares in the company, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

About Fidelity National Information Services

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.