Cullen Frost Bankers Inc. Sells 58,641 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Frost Bankers Inc. decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 74.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,963 shares of the information technology services provider's stock after selling 58,641 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Fidelity National Information Services were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in FIS. Verdence Capital Advisors LLC boosted its stake in Fidelity National Information Services by 47.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,065 shares of the information technology services provider's stock worth $1,378,000 after purchasing an additional 5,497 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $12,245,000. Assetmark Inc. boosted its position in shares of Fidelity National Information Services by 29.7% in the fourth quarter. Assetmark Inc. now owns 69,434 shares of the information technology services provider's stock valued at $5,608,000 after acquiring an additional 15,897 shares during the period. Victory Capital Management Inc. grew its stake in Fidelity National Information Services by 31.5% during the fourth quarter. Victory Capital Management Inc. now owns 267,941 shares of the information technology services provider's stock valued at $21,642,000 after acquiring an additional 64,240 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $275,000. 96.23% of the stock is owned by institutional investors.

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Fidelity National Information Services Stock Down 3.7 %

NYSE FIS traded down $2.64 during trading hours on Tuesday, reaching $68.23. 4,395,046 shares of the company's stock traded hands, compared to its average volume of 3,368,926. Fidelity National Information Services, Inc. has a 52-week low of $66.72 and a 52-week high of $91.98. 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 50-day simple moving average of $76.17 and a 200 day simple moving average of $82.01. The firm has a market cap of $36.14 billion, a PE ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the business earned $0.94 earnings per share. Sell-side analysts anticipate 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 will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.35%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is 61.30%.

Analyst Upgrades and Downgrades

FIS has been the subject of several analyst reports. Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Morgan Stanley reduced their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Compass Point dropped their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $88.65.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

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.