New York State Teachers Retirement System Cuts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

New York State Teachers Retirement System lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 428,351 shares of the information technology services provider's stock after selling 12,671 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Fidelity National Information Services worth $34,598,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at about $28,000. R Squared Ltd purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $30,000. Concord Wealth Partners lifted its position in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after acquiring an additional 146 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in Fidelity National Information Services in the third quarter worth $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 0.3 %

Shares of FIS traded down $0.23 during midday trading on Wednesday, reaching $69.44. The company had a trading volume of 4,026,685 shares, compared to its average volume of 3,452,287. The firm has a 50 day simple moving average of $79.59 and a 200-day simple moving average of $82.74. 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 stock has a market cap of $36.78 billion, a PE 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 1-year low of $62.17 and a 1-year high of $91.98.

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, beating the consensus estimate 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 firm posted $0.94 EPS. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.73 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is 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 55.17%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank of Canada decreased their price target on 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. JPMorgan Chase & Co. lifted their target price on shares of 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. UBS Group decreased their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Stephens dropped their price objective 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. Finally, Barclays reduced their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $87.36.

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.