Commerce Bank Has $5.82 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Commerce Bank cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,012 shares of the information technology services provider's stock after selling 5,067 shares during the quarter. Commerce Bank's holdings in Fidelity National Information Services were worth $5,816,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co raised its stake in Fidelity National Information Services by 0.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 484,674 shares of the information technology services provider's stock valued at $39,135,000 after buying an additional 3,145 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Fidelity National Information Services by 5.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 336,763 shares of the information technology services provider's stock valued at $27,200,000 after acquiring an additional 17,105 shares in the last quarter. Farringdon Capital Ltd. bought a new position in Fidelity National Information Services during the fourth quarter worth $945,000. Marshall Wace LLP boosted its holdings in Fidelity National Information Services by 13,947.5% in the fourth quarter. Marshall Wace LLP now owns 449,800 shares of the information technology services provider's stock worth $36,330,000 after purchasing an additional 446,598 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Fidelity National Information Services by 4.5% during the fourth quarter. NewEdge Advisors LLC now owns 58,207 shares of the information technology services provider's stock valued at $4,701,000 after purchasing an additional 2,484 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FIS shares. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price target for the stock from $79.00 to $86.00 in a report on Monday. Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price objective for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, UBS Group cut their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price of $89.29.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 0.4 %

FIS traded up $0.32 during trading on Wednesday, reaching $79.44. The company had a trading volume of 5,263,765 shares, compared to its average volume of 3,536,951. 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, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a market cap of $42.08 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.23 and a beta of 1.06. The firm's 50-day simple moving average is $71.64 and its 200 day simple moving average is $79.61.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating 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 prior year, the firm posted $0.94 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date was 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 61.30%.

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.