Lyrical Asset Management LP Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Lyrical Asset Management LP trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,139,235 shares of the information technology services provider's stock after selling 6,636 shares during the period. Fidelity National Information Services makes up about 5.0% of Lyrical Asset Management LP's holdings, making the stock its 4th largest holding. Lyrical Asset Management LP owned approximately 0.77% of Fidelity National Information Services worth $334,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIS. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $30,000. Groupama Asset Managment boosted its holdings in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 319 shares during the period. Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $37,000. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $40,000. Finally, Grove Bank & Trust lifted its stake in Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 399 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

FIS has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. 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 report on Tuesday, February 18th. Royal Bank of Canada lowered their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their target price for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Robert W. Baird raised their price objective 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, 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.05.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents 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. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded up $1.44 during midday trading on Friday, reaching $70.95. 1,050,950 shares of the company were exchanged, compared to its average volume of 3,462,002. The company has a market capitalization of $37.58 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.23 and a beta of 1.06. 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 quick ratio of 0.85 and a current ratio of 0.85. The firm's 50-day simple moving average is $72.47 and its 200-day simple moving average is $80.17.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating 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 period in the prior year, the company earned $0.94 earnings per share. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS 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. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. 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 61.30%.

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.