Envestnet Asset Management Inc. Sells 35,552 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Envestnet Asset Management Inc. decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,646,947 shares of the information technology services provider's stock after selling 35,552 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Fidelity National Information Services worth $133,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $2,593,000. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $451,458,000. Avanza Fonder AB bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth $3,227,000. Princeton Global Asset Management LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth $2,313,000. Finally, Csenge Advisory Group grew its position in Fidelity National Information Services by 44.4% in the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock valued at $1,086,000 after purchasing an additional 4,134 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

NYSE FIS traded up $2.90 on Friday, reaching $72.41. The stock had a trading volume of 3,490,136 shares, compared to its average volume of 3,473,358. 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 debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $38.35 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The firm has a fifty day moving average of $72.29 and a two-hundred day moving average of $80.09.

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Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates 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 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Compass Point reduced 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. Robert W. Baird boosted their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Barclays lowered their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $88.89.

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.