Polar Capital Holdings Plc Sells 15,671 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Polar Capital Holdings Plc trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,960 shares of the information technology services provider’s stock after selling 15,671 shares during the quarter. Polar Capital Holdings Plc owned 0.08% of Fidelity National Information Services worth $35,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of FIS. R Squared Ltd bought a new position in Fidelity National Information Services during the 4th quarter valued at about $30,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $40,000. Grove Bank & Trust grew its stake in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 399 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after buying an additional 509 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock worth $49,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, April 4th. Stephens lifted their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Barclays decreased their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Compass Point reduced their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, TD Cowen upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.11.

Fidelity National Information Services Trading Up 0.2%

Shares of Fidelity National Information Services stock opened at $77.82 on Thursday. The firm’s 50 day simple moving average is $74.31 and its two-hundred day simple moving average is $78.54. The firm has a market capitalization of $40.89 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. 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 (NYSE:FIS) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 earnings per share. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. Fidelity National Information Services’s dividend payout ratio is currently 105.96%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. The trade was a 7.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

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.