Greenleaf Trust Sells 297 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)


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Greenleaf Trust lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,571 shares of the information technology services provider’s stock after selling 297 shares during the quarter. Greenleaf Trust’s holdings in Fidelity National Information Services were worth $647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fieldpoint Private Securities LLC bought a new position in Fidelity National Information Services during the 4th quarter worth approximately $27,000. Dimension Capital Management LLC bought a new position in Fidelity National Information Services during the 3rd quarter worth approximately $31,000. Exchange Traded Concepts LLC raised its holdings in Fidelity National Information Services by 990.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 229 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. TFC Financial Management bought a new position in Fidelity National Information Services during the 3rd quarter worth approximately $33,000. Finally, Wolff Wiese Magana LLC bought a new position in Fidelity National Information Services during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 90.53% of the company’s stock.

In related news, insider Martin Boyd sold 28,715 shares of the business’s stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $142.69, for a total value of $4,097,343.35. Following the transaction, the insider now directly owns 23,605 shares of the company’s stock, valued at approximately $3,368,197.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher A. Thompson sold 1,591 shares of the business’s stock in a transaction dated Tuesday, January 5th. The stock was sold at an average price of $139.70, for a total transaction of $222,262.70. 0.70% of the stock is currently owned by insiders.

FIS has been the subject of several analyst reports. Rosenblatt Securities raised their price target on shares of Fidelity National Information Services from $140.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, February 10th. Oppenheimer lowered their price objective on shares of Fidelity National Information Services from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, February 2nd. Jefferies Financial Group started coverage on shares of Fidelity National Information Services in a research note on Monday, December 7th. They issued a “buy” rating and a $175.00 price objective for the company. Sanford C. Bernstein reiterated a “market perform” rating on shares of Fidelity National Information Services in a research note on Wednesday, January 27th. Finally, Cowen lifted their price objective on shares of Fidelity National Information Services from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 10th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $159.27.

Shares of NYSE:FIS opened at $135.53 on Tuesday. The company’s 50-day moving average is $131.97 and its 200 day moving average is $141.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $84.10 billion, a P/E ratio of -752.94, a price-to-earnings-growth ratio of 1.32 and a beta of 0.81. Fidelity National Information Services, Inc. has a fifty-two week low of $91.68 and a fifty-two week high of $156.73.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, February 8th. The information technology services provider reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.06. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Information Services had a negative net margin of 0.83% and a positive return on equity of 6.88%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has initiated a share buyback plan on Monday, February 1st that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the information technology services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be issued a $0.39 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, March 11th. Fidelity National Information Services’s payout ratio is 24.96%.

About Fidelity National Information Services

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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

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