Massachusetts Financial Services Co. MA Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Massachusetts Financial Services Co. MA trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,957,405 shares of the information technology services provider’s stock after selling 577,006 shares during the period. Massachusetts Financial Services Co. MA owned about 1.11% of Fidelity National Information Services worth $481,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FIS. Captrust Financial Advisors boosted its stake in Fidelity National Information Services by 12.5% during the third quarter. Captrust Financial Advisors now owns 31,985 shares of the information technology services provider’s stock valued at $2,679,000 after buying an additional 3,543 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Fidelity National Information Services in the third quarter valued at $1,446,000. Benjamin Edwards Inc. bought a new stake in Fidelity National Information Services in the third quarter worth $308,000. Holocene Advisors LP purchased a new stake in Fidelity National Information Services during the third quarter valued at $8,743,000. Finally, Hilltop Holdings Inc. purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth $263,000. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of several recent research reports. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their target price for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.65.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction 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 transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Trading Up 1.6 %

Shares of NYSE:FIS opened at $75.79 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $40.15 billion, a P/E ratio of 29.04, a P/E/G ratio of 1.23 and a beta of 1.06. The business’s 50-day moving average is $74.12 and its 200 day moving average is $80.93. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $0.94 earnings per share. On average, research analysts predict 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors 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 yield of 2.11%. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Fidelity National Information Services Company 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.