Teachers Retirement System of The State of Kentucky Has $11.32 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Teachers Retirement System of The State of Kentucky decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 50.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,094 shares of the information technology services provider’s stock after selling 141,134 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Fidelity National Information Services were worth $11,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $37,000. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth $40,000. Grove Bank & Trust increased its position in shares of Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 399 shares during the period. Finally, Sound Income Strategies LLC raised its stake 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 purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 2.4 %

Shares of NYSE FIS opened at $76.40 on Tuesday. 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 debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50 day moving average price is $71.47 and its 200-day moving average price is $79.62. The company has a market capitalization of $40.47 billion, a P/E ratio of 29.27, a price-to-earnings-growth 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 earnings per share for the quarter, topping 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 company posted $0.94 earnings per share. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. 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 dividend payout ratio is presently 61.30%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stephens decreased their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. UBS Group reduced their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada lowered their price target 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. Finally, Morgan Stanley decreased 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 report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.05.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 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, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This trade represents a 7.60 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.