Amundi Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Amundi lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,121,547 shares of the information technology services provider's stock after selling 436,473 shares during the quarter. Amundi owned 0.39% of Fidelity National Information Services worth $168,345,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FIS. State Street Corp lifted its holdings in shares of Fidelity National Information Services by 0.9% in 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. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth $451,458,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Fidelity National Information Services by 13.8% in the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after buying an additional 538,514 shares in the last quarter. FMR LLC lifted its holdings in shares of Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock worth $234,015,000 after buying an additional 174,673 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Fidelity National Information Services by 9.2% in the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock worth $117,571,000 after buying an additional 112,842 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently issued reports on FIS shares. Morgan Stanley decreased their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada decreased their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Stephens decreased their price target on shares of 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. Finally, Compass Point decreased their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $88.65.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Trading Up 0.0 %

Shares of NYSE FIS traded up $0.02 during mid-day trading on Monday, reaching $71.29. The company had a trading volume of 4,910,790 shares, compared to its average volume of 3,365,026. The business's 50-day moving average is $76.17 and its 200-day moving average is $82.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market cap of $37.76 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 52 week low of $66.72 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates 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 firm earned $0.94 EPS. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.24%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is presently 61.30%.

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.