Chevy Chase Trust Holdings LLC Lowers Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Chevy Chase Trust Holdings LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 284,867 shares of the information technology services provider's stock after selling 10,004 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Fidelity National Information Services worth $23,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FIS. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock valued at $480,000 after acquiring an additional 129 shares during the last quarter. Graypoint LLC boosted its holdings in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock valued at $253,000 after acquiring an additional 132 shares during the last quarter. Old Port Advisors boosted its holdings in shares of Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after acquiring an additional 135 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after acquiring an additional 137 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider's stock valued at $281,000 after acquiring an additional 141 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FIS has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Mizuho raised their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Compass Point dropped 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 report on Wednesday, February 12th. TD Cowen raised their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $87.36.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded down $0.23 on Wednesday, hitting $69.44. 4,026,685 shares of the company traded hands, compared to its average volume of 3,452,287. The business has a 50-day simple moving average of $79.59 and a 200 day simple moving average of $82.74. Fidelity National Information Services, Inc. has a 52 week low of $62.17 and a 52 week high of $91.98. The stock has a market capitalization of $36.78 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. 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 announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 period in the previous year, the firm earned $0.94 EPS. Research analysts expect that Fidelity National Information Services, Inc. will post 5.73 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.30%. The ex-dividend date is Tuesday, March 11th. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's payout ratio is currently 55.17%.

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.