BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 901,898 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 62.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 547,511 shares of the information technology services provider's stock after selling 901,898 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.10% of Fidelity National Information Services worth $41,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Distillate Capital Partners LLC purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $16,716,000. Xponance Inc. grew its stake in shares of Fidelity National Information Services by 41.1% in the 2nd quarter. Xponance Inc. now owns 113,465 shares of the information technology services provider's stock valued at $8,551,000 after buying an additional 33,066 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Fidelity National Information Services by 8.5% in the 2nd quarter. Bank of Montreal Can now owns 672,105 shares of the information technology services provider's stock valued at $50,825,000 after buying an additional 52,877 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $3,601,000. Finally, Public Sector Pension Investment Board boosted its position in Fidelity National Information Services by 5.5% during the second quarter. Public Sector Pension Investment Board now owns 106,848 shares of the information technology services provider's stock worth $8,052,000 after purchasing an additional 5,554 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the company's stock in a transaction dated Monday, July 15th. The shares were bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares of the company's stock, valued at $750,510.51. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Trading Down 0.7 %

Shares of FIS stock traded down $0.62 on Tuesday, hitting $83.77. The company had a trading volume of 1,902,830 shares, compared to its average volume of 3,894,539. The firm has a market cap of $46.60 billion, a P/E ratio of -8.25, a P/E/G ratio of 0.82 and a beta of 1.08. The stock's 50-day moving average is $79.36 and its two-hundred day moving average is $75.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $85.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The firm's revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.72%. Fidelity National Information Services's dividend payout ratio (DPR) is presently -14.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Tuesday, August 20th. Royal Bank of Canada upped their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. TD Cowen upped their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Finally, Susquehanna upped their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the company a "positive" rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.25.

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.