Fruth Investment Management Lowers Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)


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Fruth Investment Management lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,593 shares of the information technology services provider’s stock after selling 763 shares during the quarter. Fruth Investment Management’s holdings in Fidelity National Information Services were worth $2,913,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FIS. Hall Laurie J Trustee purchased a new position in Fidelity National Information Services in the third quarter valued at $27,000. Evolution Wealth Advisors LLC raised its position in shares of Fidelity National Information Services by 71.0% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 183 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. JJJ Advisors Inc. raised its position in shares of Fidelity National Information Services by 628.0% during the 3rd quarter. JJJ Advisors Inc. now owns 182 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 157 shares during the last quarter. Dimension Capital Management LLC acquired a new position in shares of Fidelity National Information Services during the 3rd quarter worth approximately $31,000. Finally, TFC Financial Management acquired a new position in Fidelity National Information Services in the 3rd quarter valued at $33,000. Institutional investors own 82.76% of the company’s stock.

Shares of NYSE:FIS traded down $2.67 during trading on Wednesday, reaching $130.96. 227,492 shares of the company traded hands, compared to its average volume of 4,398,964. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of -742.39, a P/E/G ratio of 1.65 and a beta of 0.84. Fidelity National Information Services, Inc. has a 52-week low of $91.68 and a 52-week high of $158.21. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average is $143.72 and its 200-day moving average is $142.99.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Thursday, October 29th. The information technology services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.18 billion. Fidelity National Information Services had a positive return on equity of 6.88% and a negative net margin of 0.83%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 earnings per share. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 28th. Investors of record on Monday, December 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, December 11th. Fidelity National Information Services’s payout ratio is 24.96%.

Several research analysts have weighed in on FIS shares. Compass Point started coverage on Fidelity National Information Services in a report on Thursday, September 17th. They issued a “neutral” rating and a $155.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, October 20th. KeyCorp boosted their price target on Fidelity National Information Services from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, October 27th. Morgan Stanley boosted their price target on Fidelity National Information Services from $128.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, November 13th. Finally, Cowen upped their price objective on Fidelity National Information Services from $163.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $162.72.

In related news, COO Ido Gileadi sold 20,007 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $145.00, for a total value of $2,901,015.00. Following the completion of the sale, the chief operating officer now owns 25,442 shares of the company’s stock, valued at $3,689,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher A. Thompson sold 1,591 shares of the firm’s stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $139.70, for a total value of $222,262.70. Insiders sold 68,161 shares of company stock valued at $9,776,812 in the last ninety days. 0.70% of the stock is currently owned by insiders.

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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