Kentucky Retirement Systems Decreases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Kentucky Retirement Systems decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,491 shares of the information technology services provider’s stock after selling 516 shares during the period. Kentucky Retirement Systems’ holdings in Fidelity National Information Services were worth $3,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Invera Wealth Advisors LLC grew its stake in shares of Fidelity National Information Services by 4.2% during the 4th quarter. Invera Wealth Advisors LLC now owns 11,049 shares of the information technology services provider’s stock worth $876,000 after acquiring an additional 444 shares during the period. Handelsbanken Fonder AB lifted its holdings in Fidelity National Information Services by 9.0% during the fourth quarter. Handelsbanken Fonder AB now owns 209,976 shares of the information technology services provider’s stock valued at $16,960,000 after purchasing an additional 17,367 shares during the last quarter. Ieq Capital LLC boosted its position in Fidelity National Information Services by 32.3% during the fourth quarter. Ieq Capital LLC now owns 36,314 shares of the information technology services provider’s stock worth $2,933,000 after purchasing an additional 8,869 shares during the period. Bryn Mawr Capital Management LLC increased its stake in shares of Fidelity National Information Services by 62.0% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 9,241 shares of the information technology services provider’s stock worth $746,000 after purchasing an additional 3,538 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Fidelity National Information Services by 4.0% in the fourth quarter. Global Retirement Partners LLC now owns 12,105 shares of the information technology services provider’s stock valued at $978,000 after purchasing an additional 466 shares during the period. 96.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIS. Royal Bank of Canada cut their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Robert W. Baird boosted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. UBS Group cut 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. Finally, William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and an average price target of $87.36.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $69.95 on Friday. The company has a market capitalization of $37.05 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.23 and a beta of 1.04. The business has a 50 day moving average of $78.69 and a 200 day moving average of $82.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 1-year low of $62.63 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 earnings per share 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 period last year, the business posted $0.94 earnings per share. On average, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 55.17%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

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.