Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by FIL Ltd

FIL Ltd reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,080,967 shares of the information technology services provider’s stock after selling 350,675 shares during the quarter. FIL Ltd owned approximately 1.50% of Fidelity National Information Services worth $652,700,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth about $30,000. Groupama Asset Managment grew its stake in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $37,000. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $40,000. Finally, Grove Bank & Trust boosted its holdings in shares of Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after buying an additional 399 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley decreased their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. UBS Group decreased their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Stephens cut their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and a consensus price target of $88.05.

Fidelity National Information Services Stock Down 1.9 %

Shares of NYSE FIS opened at $68.56 on Tuesday. 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 debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The business has a fifty day moving average of $73.59 and a two-hundred day moving average of $80.61. The stock has a market cap of $36.31 billion, a PE ratio of 26.27, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the previous year, the business earned $0.94 EPS. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

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.