Barclays PLC Reduces Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Barclays PLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.2% during the 4th quarter, HoldingsChannel reports. The fund owned 1,311,170 shares of the information technology services provider’s stock after selling 165,358 shares during the period. Barclays PLC’s holdings in Fidelity National Information Services were worth $105,904,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new stake in Fidelity National Information Services in the 3rd quarter worth about $37,000. Anchor Investment Management LLC raised its holdings in shares of Fidelity National Information Services by 1,240.5% in the third quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider’s stock worth $147,000 after buying an additional 1,625 shares during the period. World Investment Advisors LLC raised its holdings in shares of Fidelity National Information Services by 2,063.1% in the third quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider’s stock worth $5,944,000 after buying an additional 67,690 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $976,000. Finally, Synovus Financial Corp grew its position in Fidelity National Information Services by 68.1% in the 3rd quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider’s stock valued at $1,313,000 after acquiring an additional 6,349 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $70.01 on Wednesday. The firm has a market capitalization of $37.09 billion, a P/E ratio of 26.83, a PEG ratio of 1.23 and a beta of 1.06. 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $71.82 and a 200 day moving average price of $79.93.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping 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 quarter in the prior year, the company earned $0.94 earnings per share. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current 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 given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.29%. 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 is currently 61.30%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FIS shares. Barclays lowered their target price 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. Wells Fargo & Company lowered their price objective on shares of 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. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. UBS Group dropped their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, Morgan Stanley decreased their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $88.89.

About Fidelity National Information Services

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.