Groupama Asset Managment Trims Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Groupama Asset Managment lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 61.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,347 shares of the information technology services provider's stock after selling 25,995 shares during the period. Groupama Asset Managment's holdings in Fidelity National Information Services were worth $1,317,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth about $30,000. Morse Asset Management Inc purchased a new stake in Fidelity National Information Services during the 3rd quarter valued at $37,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at $40,000. Grove Bank & Trust boosted its stake in shares of Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after buying an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Fidelity National Information Services by 70.2% in the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 250 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 equities research analysts have recently commented on FIS shares. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday. Barclays reduced their price objective 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. Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Compass Point reduced their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $88.05.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Performance

FIS stock traded down $1.54 during midday trading on Monday, hitting $68.36. 1,764,853 shares of the stock traded hands, compared to its average volume of 3,432,646. 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 firm has a market cap of $36.21 billion, a P/E ratio of 26.08, a PEG ratio of 1.23 and a beta of 1.06. The stock's fifty day simple moving average is $73.84 and its 200-day simple moving average is $80.72.

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, 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 period last year, the business earned $0.94 EPS. 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a $0.40 dividend. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, March 11th. 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.