National Bank of Canada FI Trims Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

National Bank of Canada FI lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 324,340 shares of the information technology services provider's stock after selling 4,875 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Fidelity National Information Services worth $26,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $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 acquiring an additional 319 shares in the last quarter. Morse Asset Management Inc purchased a new position in Fidelity National Information Services during the 3rd quarter valued at $37,000. OFI Invest Asset Management bought a new position in Fidelity National Information Services in the 4th quarter worth $40,000. Finally, Grove Bank & Trust lifted its position 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 purchasing an additional 399 shares during the period. Institutional investors own 96.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FIS shares. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Morgan Stanley reduced their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday. Compass Point dropped 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 note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $88.05.

Remove Ads

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Down 6.2 %

NYSE FIS traded down $4.61 during trading on Friday, hitting $69.90. The stock had a trading volume of 8,777,991 shares, compared to its average volume of 3,438,916. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one 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 stock has a market capitalization of $37.02 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.23 and a beta of 1.06. The stock has a 50 day simple moving average of $73.84 and a 200 day simple moving average of $80.78.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating 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 period in the previous year, the company posted $0.94 EPS. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders 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 dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) 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.