Barclays PLC Cuts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Barclays PLC lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,311,170 shares of the information technology services provider's stock after selling 165,358 shares during the period. Barclays PLC owned 0.24% of Fidelity National Information Services worth $105,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $635,202,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $451,458,000. Arrowstreet Capital Limited Partnership boosted its stake in 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. KBC Group NV increased its position in Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock worth $95,330,000 after buying an additional 1,101,072 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock valued at $611,682,000 after acquiring an additional 632,328 shares during the period. 96.23% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value 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. The trade was a 7.60 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FIS shares. Morgan Stanley dropped their price objective 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. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Barclays reduced their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. 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. Finally, Royal Bank of Canada reduced their target price on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $88.89.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded up $5.99 during midday trading on Friday, reaching $74.63. 8,057,028 shares of the stock traded hands, compared to its average volume of 3,502,740. The stock has a market cap of $39.53 billion, a P/E ratio of 28.60, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The stock's fifty day moving average is $71.39 and its 200-day moving average is $79.73. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $0.94 EPS. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.40 dividend. 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. Fidelity National Information Services's dividend payout ratio (DPR) 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.