Financiere des Professionnels Fonds d investissement inc. Decreases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Financiere des Professionnels Fonds d investissement inc. cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,226 shares of the information technology services provider's stock after selling 16,398 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Fidelity National Information Services were worth $9,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Csenge Advisory Group raised its stake in shares of Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock worth $1,086,000 after purchasing an additional 4,134 shares during the last quarter. Allworth Financial LP raised its position in Fidelity National Information Services by 19.1% during the 4th quarter. Allworth Financial LP now owns 2,654 shares of the information technology services provider's stock worth $208,000 after buying an additional 425 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Fidelity National Information Services during the fourth quarter worth about $8,343,000. Principal Securities Inc. raised its holdings in Fidelity National Information Services by 16.7% during the fourth quarter. Principal Securities Inc. now owns 14,820 shares of the information technology services provider's stock worth $1,197,000 after purchasing an additional 2,121 shares in the last quarter. Finally, Everhart Financial Group Inc. raised its holdings in Fidelity National Information Services by 4.5% during the fourth quarter. Everhart Financial Group Inc. now owns 7,193 shares of the information technology services provider's stock worth $581,000 after purchasing an additional 311 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Trading Up 0.7 %

FIS traded up $0.47 during trading on Thursday, hitting $69.89. The company's stock had a trading volume of 3,774,975 shares, compared to its average volume of 3,462,774. The firm's 50 day moving average price is $79.28 and its 200-day moving average price is $82.65. 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 stock has a market cap of $37.02 billion, a PE ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a twelve month low of $62.17 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its 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 return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the company earned $0.94 earnings per share. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given 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 is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.29%. Fidelity National Information Services's dividend payout ratio is 55.17%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FIS shares. Compass Point cut their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. Stephens cut their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $87.36.

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.