Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 40.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 365,978 shares of the information technology services provider's stock after selling 248,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.07% of Fidelity National Information Services worth $29,560,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FIS. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $30,000. Morse Asset Management Inc acquired a new position in Fidelity National Information Services in the third quarter valued at $37,000. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $40,000. Grove Bank & Trust boosted its stake in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after buying an additional 399 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded up $0.57 on Tuesday, hitting $78.55. The company's stock had a trading volume of 3,425,600 shares, compared to its average volume of 3,540,205. The stock has a 50 day moving average of $72.44 and a 200-day moving average of $79.38. The company has a market capitalization of $41.61 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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 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 issued 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 in the prior year, the company earned $0.94 EPS. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Susquehanna cut 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 report on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Stephens reduced their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price target 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 note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.29.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

About Fidelity National Information Services

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.