Oregon Public Employees Retirement Fund Sells 530 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Oregon Public Employees Retirement Fund reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,132 shares of the information technology services provider’s stock after selling 530 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Fidelity National Information Services were worth $3,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp raised its stake in Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after acquiring an additional 538,514 shares in the last quarter. FMR LLC lifted its position in shares of Fidelity National Information Services by 6.7% during the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock valued at $234,015,000 after acquiring an additional 174,673 shares during the period. Franklin Resources Inc. grew its stake in Fidelity National Information Services by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after buying an additional 112,842 shares in the last quarter. Finally, Fernbridge Capital Management LP raised its position in shares of Fidelity National Information Services by 11.5% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,286,173 shares of the information technology services provider’s stock valued at $107,717,000 after buying an additional 133,039 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company’s stock, valued at $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 is accessible through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FIS. UBS Group dropped their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Stephens dropped their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Barclays reduced their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and an average target price of $88.43.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $69.25 on Friday. The firm has a market capitalization of $36.68 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.23 and a beta of 1.04. The firm’s 50-day moving average price is $77.69 and its 200-day moving average price is $82.33. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 1-year low of $66.38 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $0.94 EPS. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.31%. Fidelity National Information Services’s payout ratio is presently 61.30%.

Fidelity National Information Services Profile

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.