California Public Employees Retirement System Has $73.64 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

California Public Employees Retirement System trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 911,691 shares of the information technology services provider's stock after selling 92,681 shares during the period. California Public Employees Retirement System owned about 0.17% of Fidelity National Information Services worth $73,637,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in 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 valued at $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. Boston Partners grew its stake in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after buying an additional 446,544 shares in the last quarter. Norges Bank acquired a new position in Fidelity National Information Services during the fourth quarter worth $635,202,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the fourth quarter worth $451,458,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Fidelity National Information Services by 100.0% in the fourth 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 acquiring an additional 1,616,146 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

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Fidelity National Information Services Price Performance

Shares of FIS stock traded down $4.61 during trading on Friday, hitting $69.90. The company had a trading volume of 8,777,991 shares, compared to its average volume of 3,438,916. The firm has a market capitalization of $37.02 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year 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. The stock's 50-day moving average price is $73.84 and its 200 day moving average price is $80.75.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results 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 return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the business posted $0.94 earnings per share. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS 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 is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.29%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 61.30%.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company's stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FIS shares. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Robert W. Baird increased their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Compass Point reduced their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $88.05.

Fidelity National Information Services Company 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.