Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,957,405 shares of the information technology services provider's stock after selling 577,006 shares during the period. Massachusetts Financial Services Co. MA owned 1.11% of Fidelity National Information Services worth $481,180,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FIS. R Squared Ltd purchased a new stake in Fidelity National Information Services in the 4th quarter worth $30,000. Morse Asset Management Inc purchased a new position in Fidelity National Information Services during the 3rd quarter valued at approximately $37,000. OFI Invest Asset Management purchased a new position in Fidelity National Information Services in the fourth quarter worth about $40,000. Grove Bank & Trust lifted 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 valued at $42,000 after purchasing an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $1.47 during trading hours on Monday, reaching $68.43. The company had a trading volume of 1,764,853 shares, compared to its average volume of 3,432,830. 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 stock has a fifty day moving average of $73.84 and a 200-day moving average of $80.72. The company has a market capitalization of $36.25 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

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Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $0.94 earnings per share. On average, equities analysts anticipate 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 was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.34%. Fidelity National Information Services's dividend payout ratio is 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on FIS. Robert W. Baird raised their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday. Wells Fargo & Company lowered their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Barclays cut 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 research report on Tuesday, February 18th. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price objective for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of "Hold" and a consensus price target of $88.05.

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.