Alliancebernstein L.P. Sells 16,671 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Alliancebernstein L.P. lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 665,832 shares of the information technology services provider's stock after selling 16,671 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Fidelity National Information Services worth $53,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIS. State Street Corp boosted its stake in Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after buying an additional 211,787 shares in the last quarter. Boston Partners boosted its position in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after acquiring an additional 446,544 shares in the last quarter. Norges Bank acquired a new position in Fidelity National Information Services in the fourth quarter worth about $635,202,000. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $451,458,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Fidelity National Information Services by 100.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after purchasing an additional 1,616,146 shares during the period. 96.23% of the stock is currently owned by institutional investors.

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Fidelity National Information Services Stock Down 3.6 %

Shares of NYSE:FIS traded down $2.58 during trading on Thursday, hitting $69.83. 733,660 shares of the company were exchanged, compared to its average volume of 3,458,584. The stock has a market cap of $36.99 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 1.23 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The firm has a fifty day moving average price of $72.72 and a two-hundred day moving average price of $80.28.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 period in the previous year, the company posted $0.94 EPS. As a group, research 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 company also recently announced 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 2.29%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio is presently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stephens decreased their price target on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Compass Point cut their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, UBS Group cut 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of "Hold" and a consensus price target of $88.05.

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.