Rhumbline Advisers Has $90.48 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Rhumbline Advisers lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,120,194 shares of the information technology services provider's stock after selling 13,316 shares during the period. Rhumbline Advisers owned approximately 0.21% of Fidelity National Information Services worth $90,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new stake in Fidelity National Information Services in the third quarter valued at $28,000. R Squared Ltd acquired a new position in Fidelity National Information Services during the fourth quarter worth $30,000. Concord Wealth Partners lifted its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after acquiring an additional 146 shares during the period. Finally, Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $37,000. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.3 %

NYSE FIS traded down $0.23 during trading on Wednesday, reaching $69.44. 4,026,689 shares of the stock traded hands, compared to its average volume of 3,452,632. The stock's 50-day moving average price is $79.59 and its 200 day moving average price is $82.74. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market cap of $36.78 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. Fidelity National Information Services, Inc. has a fifty-two week low of $62.17 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released 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 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 earnings per share. Analysts predict that Fidelity National Information Services, Inc. will post 5.73 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.30%. Fidelity National Information Services's payout ratio is currently 55.17%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Barclays cut their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday. Compass Point decreased their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company cut 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. Finally, UBS Group decreased their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $87.36.

Insider Buying and Selling

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

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.