Sanctuary Advisors LLC Trims Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Sanctuary Advisors LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,947 shares of the information technology services provider's stock after selling 14,005 shares during the quarter. Sanctuary Advisors LLC's holdings in Fidelity National Information Services were worth $6,480,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock valued at $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after buying an additional 538,514 shares during the period. FMR LLC boosted its position in Fidelity National Information Services by 6.7% during the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock valued at $234,015,000 after acquiring an additional 174,673 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Fidelity National Information Services by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock valued at $117,571,000 after acquiring an additional 112,842 shares during the period. Finally, Fernbridge Capital Management LP raised its position in shares of Fidelity National Information Services by 11.5% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,286,173 shares of the information technology services provider's stock worth $107,717,000 after acquiring an additional 133,039 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.10 on Friday, hitting $69.95. The company had a trading volume of 5,688,695 shares, compared to its average volume of 4,036,478. Fidelity National Information Services, Inc. has a twelve month low of $62.63 and a twelve month high of $91.98. The firm has a market cap of $37.05 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. The company has a 50-day moving average price of $78.69 and a 200-day moving average price of $82.54. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. 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. Fidelity National Information Services's payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada lowered their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Raymond James lowered 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. Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price target for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $87.36.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Company 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.