Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 708,609 shares of the information technology services provider's stock after selling 98,217 shares during the period. Fidelity National Information Services accounts for approximately 1.2% of Cannell & Spears LLC's investment portfolio, making the stock its 23rd biggest position. Cannell & Spears LLC owned approximately 0.13% of Fidelity National Information Services worth $57,234,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Fidelity National Information Services by 24.0% in the 4th quarter. Wellington Management Group LLP now owns 21,587 shares of the information technology services provider's stock valued at $1,744,000 after purchasing an additional 4,180 shares during the period. O Shaughnessy Asset Management LLC increased its position in Fidelity National Information Services by 45.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 627,792 shares of the information technology services provider's stock valued at $50,707,000 after purchasing an additional 196,894 shares during the period. Schroder Investment Management Group grew its stake in Fidelity National Information Services by 922.3% during the fourth quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider's stock worth $54,101,000 after purchasing an additional 605,640 shares during the period. Arrowstreet Capital Limited Partnership grew 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 period. Finally, MV Capital Management Inc. increased its position in shares of Fidelity National Information Services by 61.9% during the fourth quarter. MV Capital Management Inc. now owns 2,522 shares of the information technology services provider's stock worth $204,000 after acquiring an additional 964 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 4.8 %

Shares of FIS traded down $3.57 during mid-day trading on Friday, hitting $70.94. 2,361,919 shares of the company traded hands, compared to its average volume of 3,571,365. The business has a 50 day moving average of $74.02 and a 200 day moving average of $80.88. The company has a market capitalization of $37.58 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

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 EPS for the quarter, topping 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 quarter in the prior year, the company earned $0.94 earnings per share. 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 issued a $0.40 dividend. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is 61.30%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FIS. Stephens lowered their target price 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. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. UBS Group dropped their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. 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 on the stock in a research report on Wednesday, February 12th. Finally, Robert W. Baird upped their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $88.05.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

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.