Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,671,960 shares of the information technology services provider's stock after selling 1,218,199 shares during the quarter. Legal & General Group Plc owned about 0.68% of Fidelity National Information Services worth $296,585,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC raised its stake in Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock valued at $1,052,819,000 after acquiring an additional 208,127 shares during the last quarter. Boston Partners raised its stake in shares of Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $635,202,000. Invesco Ltd. grew its position in Fidelity National Information Services by 9.1% in the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock valued at $611,682,000 after buying an additional 632,328 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fidelity National Information Services in the 4th quarter valued at $451,458,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded down $0.53 during mid-day trading on Monday, hitting $71.82. 861,177 shares of the company were exchanged, compared to its average volume of 3,463,385. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a market capitalization of $38.04 billion, a P/E ratio of 27.52, a PEG ratio of 1.23 and a beta of 1.06. The business's 50 day simple moving average is $72.29 and its two-hundred day simple moving average is $80.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.94 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid 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 2.23%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's payout ratio is presently 61.30%.

Analysts Set New Price Targets

FIS has been the topic of several analyst reports. Barclays lowered their target price on shares of 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. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Stephens cut their target price 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. Morgan Stanley decreased their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Robert W. Baird raised their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $88.89.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the firm's stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

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.