HighTower Advisors LLC Reduces Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

HighTower Advisors LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,804 shares of the information technology services provider's stock after selling 9,805 shares during the quarter. HighTower Advisors LLC's holdings in Fidelity National Information Services were worth $9,515,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FIS. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $451,458,000. KBC Group NV increased its position in shares of Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after purchasing an additional 1,101,072 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock valued at $48,927,000 after purchasing an additional 562,154 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock valued at $371,343,000 after purchasing an additional 538,514 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Fidelity National Information Services by 41.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,208 shares of the information technology services provider's stock valued at $72,306,000 after purchasing an additional 264,209 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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 report on Tuesday, February 18th. Wells Fargo & Company reduced their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Morgan Stanley dropped their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. UBS Group dropped their price target on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Finally, Stephens dropped their price target on 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued 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 $88.65.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Down 1.4 %

Shares of Fidelity National Information Services stock traded down $1.03 during trading on Friday, hitting $73.38. 6,912,461 shares of the stock traded hands, compared to its average volume of 3,718,420. The firm has a market cap of $38.87 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The stock's fifty day simple moving average is $74.83 and its 200 day simple moving average is $81.47.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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 return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the firm earned $0.94 EPS. On average, equities analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Fidelity National Information Services's payout ratio is presently 61.30%.

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.