Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,100 shares of the information technology services provider's stock after selling 21,100 shares during the period. Intact Investment Management Inc.'s holdings in Fidelity National Information Services were worth $3,158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after acquiring an additional 128 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock valued at $480,000 after buying an additional 129 shares during the last quarter. Old Port Advisors grew its holdings in Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after buying an additional 135 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock valued at $308,000 after buying an additional 137 shares during the last quarter. Finally, Modera Wealth Management LLC grew its holdings in Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley lowered their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. BNP Paribas cut Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Stephens decreased their price objective on 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. Barclays decreased their price objective on 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. Finally, Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $88.65.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the company's 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 completion of the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Up 1.5 %

NYSE:FIS traded up $1.09 during mid-day trading on Wednesday, hitting $74.38. The company had a trading volume of 4,613,236 shares, compared to its average volume of 3,377,291. The business has a fifty day simple moving average of $75.03 and a 200-day simple moving average of $81.57. 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 1 year low of $66.51 and a 1 year high of $91.98. The firm has a market capitalization of $39.40 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data 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 firm earned $0.94 EPS. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. 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. Fidelity National Information Services's payout ratio is presently 61.30%.

About Fidelity National Information Services

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.