CIBC Private Wealth Group LLC Sells 93,366 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

CIBC Private Wealth Group LLC reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,138,767 shares of the information technology services provider's stock after selling 93,366 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.58% of Fidelity National Information Services worth $249,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $635,202,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $451,458,000. Arrowstreet Capital Limited Partnership grew its position 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 worth $261,037,000 after purchasing an additional 1,616,146 shares during the last quarter. KBC Group NV grew its position in Fidelity National Information Services by 1,390.5% during the fourth 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 in the last quarter. Finally, Schroder Investment Management Group lifted its position in Fidelity National Information Services by 922.3% in 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. 96.23% of the stock is currently owned by institutional investors.

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Insider Activity at Fidelity National Information Services

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

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $0.07 on Thursday, reaching $75.67. The company had a trading volume of 1,843,734 shares, compared to its average volume of 3,400,656. The business's 50-day moving average is $74.12 and its 200 day moving average is $80.93. 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $40.08 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued 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 net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the company earned $0.94 EPS. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIS. Barclays cut their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Stephens cut their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Morgan Stanley reduced their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Compass Point reduced their price objective on 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $88.65.

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.