Cibc World Markets Corp Sells 21,062 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Cibc World Markets Corp cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,299 shares of the information technology services provider's stock after selling 21,062 shares during the quarter. Cibc World Markets Corp's holdings in Fidelity National Information Services were worth $6,890,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services in the fourth quarter worth $451,458,000. KBC Group NV increased its holdings in shares of Fidelity National Information Services by 1,390.5% in 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 acquiring an additional 1,101,072 shares during the period. Nordea Investment Management AB increased its holdings in shares of Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock worth $48,927,000 after acquiring an additional 562,154 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after acquiring an additional 538,514 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Fidelity National Information Services by 41.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,208 shares of the information technology services provider's stock worth $72,306,000 after acquiring an additional 264,209 shares during the period. 96.23% of the stock is owned by institutional investors.

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Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 1.4 %

NYSE:FIS traded down $1.03 during trading hours on Friday, hitting $73.38. 6,912,484 shares of the stock traded hands, compared to its average volume of 3,383,020. The firm has a market cap of $38.87 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.23 and a beta of 1.11. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $74.76 and a 200 day moving average price of $81.40.

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 return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the business posted $0.94 EPS. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Fidelity National Information Services's dividend payout ratio is 61.30%.

Analysts Set New Price Targets

Several brokerages have commented on FIS. Stephens dropped their price target on shares of 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. Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. UBS Group lowered their price target on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, Compass Point lowered their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $88.65.

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.