Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,470 shares of the information technology services provider's stock after selling 4,294 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Fidelity National Information Services were worth $9,246,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FIS. State Street Corp lifted its position in shares of Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. Boston Partners increased its stake in Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after buying an additional 446,544 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth about $451,458,000. The Manufacturers Life Insurance Company raised its holdings in Fidelity National Information Services by 13.8% during the third 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 in the last quarter. Finally, FMR LLC grew its stake in shares of Fidelity National Information Services by 6.7% in the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock valued at $234,015,000 after buying an additional 174,673 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FIS. Stephens decreased their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on 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. Finally, UBS Group dropped their price target on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $88.65.

Fidelity National Information Services Trading Down 0.3 %

Shares of FIS traded down $0.24 during trading hours on Tuesday, hitting $74.05. 451,619 shares of the stock were exchanged, compared to its average volume of 3,378,359. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $39.22 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The business has a 50-day moving average of $74.67 and a 200-day moving average of $81.33. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $0.94 EPS. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This is a boost 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 2.16%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

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.