Oregon Public Employees Retirement Fund Reduces Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Oregon Public Employees Retirement Fund lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,132 shares of the information technology services provider’s stock after selling 530 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Fidelity National Information Services were worth $3,726,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC increased its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services during the third quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $30,000. Morse Asset Management Inc purchased a new stake in Fidelity National Information Services during the 3rd quarter valued at about $37,000. Finally, Grove Bank & Trust boosted its stake in shares of 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 valued at $42,000 after purchasing an additional 399 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.5 %

NYSE:FIS opened at $69.25 on Friday. The stock has a market cap of $36.68 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.23 and a beta of 1.04. The company’s 50 day moving average price is $77.69 and its 200-day moving average price is $82.33. Fidelity National Information Services, Inc. has a 52 week low of $66.38 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.

Fidelity National Information Services (NYSE:FIS) last released 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 return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the business posted $0.94 earnings per share. On average, equities research analysts forecast 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 will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is 61.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Stephens cut their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Mizuho upped their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $88.43.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

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.