Empire Life Investments Inc. Cuts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Empire Life Investments Inc. reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 222,575 shares of the information technology services provider's stock after selling 14,102 shares during the quarter. Empire Life Investments Inc.'s holdings in Fidelity National Information Services were worth $17,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Wealth Advisors LLC grew its position in shares of Fidelity National Information Services by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after buying an additional 129 shares during the last quarter. Graypoint LLC grew its stake in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after acquiring an additional 132 shares during the last quarter. Old Port Advisors grew its stake in shares of Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock worth $232,000 after acquiring an additional 135 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after purchasing an additional 137 shares in the last quarter. Finally, Center for Financial Planning Inc. lifted its holdings in shares of Fidelity National Information Services by 3.8% during the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after purchasing an additional 138 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 0.3 %

Shares of NYSE:FIS traded down $0.23 during trading on Wednesday, hitting $69.44. The company had a trading volume of 4,038,180 shares, compared to its average volume of 3,453,019. The stock has a market cap of $36.78 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. Fidelity National Information Services, Inc. has a one year low of $62.17 and a one year high of $91.98. The company has a fifty day simple moving average of $79.59 and a two-hundred day simple moving average of $82.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data 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 business posted $0.94 earnings per share. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.73 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This is a positive change 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 2.30%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 55.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays lowered their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday. Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their price objective for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Stephens decreased their price objective on 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. TD Cowen raised their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $87.36.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was acquired 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 document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate 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.