Jump Financial LLC Trims Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Jump Financial LLC reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 43.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,094 shares of the information technology services provider’s stock after selling 2,382 shares during the period. Jump Financial LLC’s holdings in Fidelity National Information Services were worth $250,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FIS. Heck Capital Advisors LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $2,593,000. Raymond James Financial Inc. purchased a new position in Fidelity National Information Services during the fourth quarter valued at $451,458,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services during the fourth quarter valued at $3,227,000. Princeton Global Asset Management LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth $2,313,000. Finally, Csenge Advisory Group increased its holdings in shares of Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after acquiring an additional 4,134 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $79.39 on Monday. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market cap of $42.05 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.23 and a beta of 1.06. The business has a 50-day simple moving average of $72.27 and a two-hundred day simple moving average of $79.44.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the previous year, the business posted $0.94 EPS. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FIS shares. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Monday, April 21st. Royal Bank of Canada reduced their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Barclays lowered their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Finally, UBS Group lowered their price target on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.29.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.