American Century Companies Inc. Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

American Century Companies Inc. lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,665 shares of the information technology services provider's stock after selling 73,718 shares during the period. American Century Companies Inc.'s holdings in Fidelity National Information Services were worth $4,900,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT grew its holdings in Fidelity National Information Services by 4.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after purchasing an additional 128 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Fidelity National Information Services by 2.2% during 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 acquiring an additional 129 shares during the period. Old Port Advisors increased its holdings in Fidelity National Information Services by 4.9% in the 4th 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. Modera Wealth Management LLC raised its stake in Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after acquiring an additional 137 shares during the period. Finally, Center for Financial Planning Inc. raised its stake in Fidelity National Information Services by 3.8% in the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIS. Barclays reduced their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Stephens decreased their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Morgan Stanley cut their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Finally, Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $88.05.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Trading Down 4.0 %

Shares of NYSE:FIS traded down $2.91 on Thursday, hitting $69.50. The company had a trading volume of 3,477,858 shares, compared to its average volume of 3,471,249. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm's 50-day simple moving average is $72.47 and its two-hundred day simple moving average is $80.17. The firm has a market capitalization of $36.81 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 company posted $0.94 earnings per share. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.30%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio is presently 61.30%.

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.