FIL Ltd Sells 350,675 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

FIL Ltd lessened 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,080,967 shares of the information technology services provider’s stock after selling 350,675 shares during the quarter. FIL Ltd’s holdings in Fidelity National Information Services were worth $652,700,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FIS. Benjamin Edwards Inc. bought a new position in Fidelity National Information Services during the third quarter worth about $308,000. Integrated Wealth Concepts LLC boosted its stake in shares of Fidelity National Information Services by 7.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,908 shares of the information technology services provider’s stock worth $830,000 after acquiring an additional 677 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Fidelity National Information Services by 78.2% during the 3rd quarter. IHT Wealth Management LLC now owns 5,097 shares of the information technology services provider’s stock worth $427,000 after acquiring an additional 2,236 shares during the last quarter. Morse Asset Management Inc bought a new stake in Fidelity National Information Services in the 3rd quarter valued at $37,000. Finally, Quantinno Capital Management LP lifted its holdings in Fidelity National Information Services by 67.9% during the 3rd quarter. Quantinno Capital Management LP now owns 41,371 shares of the information technology services provider’s stock valued at $3,465,000 after purchasing an additional 16,738 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Morgan Stanley lowered their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Compass Point dropped their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Barclays lowered their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and a consensus target price of $88.05.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $68.56 on Tuesday. The company has a market capitalization of $36.31 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. 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 fifty day moving average of $73.59 and a 200-day moving average of $80.61.

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, beating 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 in the previous year, the business posted $0.94 EPS. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is 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.