Aviva PLC Has $26.62 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Aviva PLC cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 329,578 shares of the information technology services provider's stock after selling 372,718 shares during the quarter. Aviva PLC owned 0.06% of Fidelity National Information Services worth $26,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $30,000. Groupama Asset Managment lifted its position in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 319 shares during the period. Morse Asset Management Inc acquired a new stake in Fidelity National Information Services during the third quarter worth $37,000. OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $40,000. Finally, Grove Bank & Trust lifted its holdings in shares of Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 399 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Robert W. Baird increased their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $88.05.

Remove Ads

Fidelity National Information Services Trading Up 1.8 %

FIS traded up $1.27 during mid-day trading on Friday, reaching $70.78. The stock had a trading volume of 884,708 shares, compared to its average volume of 3,461,290. The firm's fifty day simple moving average is $72.47 and its two-hundred day simple moving average is $80.17. The stock has a market capitalization of $37.49 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.23 and a beta of 1.06. 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.

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 earnings per share (EPS) for the quarter, beating 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 previous year, the business earned $0.94 EPS. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS 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. Investors of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase 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 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company's stock.

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.