BI Asset Management Fondsmaeglerselskab A S Sells 31,809 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 354,626 shares of the information technology services provider’s stock after selling 31,809 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Fidelity National Information Services were worth $28,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $30,000. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $37,000. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $40,000. Grove Bank & Trust raised its stake in 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 worth $42,000 after buying an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Fidelity National Information Services by 70.2% in the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock valued at $49,000 after buying an additional 250 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $74.63 on Friday. 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’s fifty day moving average price is $71.39 and its two-hundred day moving average price is $79.73. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a market capitalization of $39.53 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS 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 prior year, the business earned $0.94 earnings per share. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods decreased their price target on 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. Royal Bank of Canada lowered their target price on 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. UBS Group dropped their price target 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. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Finally, Compass Point dropped their price objective on shares of 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. One equities 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.89.

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.